Property budget
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See how much you could borrow as a police officer, including London Weighting and overtime, plus your likely property budget and monthly repayment.
How much could you borrow?
Estimate only, not a mortgage offer or advice. Lenders assess overtime and allowances differently.
Most lenders offer four to five times your annual income. Police pay is seen as stable, and specialist lenders often take overtime and allowances into account.
Your basic pay plus London Weighting is the core. Many lenders also count a share of regular overtime and shift allowances, which can lift what you borrow.
Lenders typically lend 4 to 4.5 times income, and up to 5 times for stable professions like policing or higher earners. That gives your likely maximum loan.
Your deposit sits on top of the loan to set your property budget. A larger deposit lowers your loan to value and can unlock better rates.
Lenders look at affordability, not just the multiple. Check your real monthly take-home so you know what a repayment leaves you each month.
This free police mortgage calculator estimates how much you could borrow, your property budget and your monthly repayment.
Enter your rank and pay point, add any regular overtime, choose an income multiple and your deposit, and set a rate and term.
It is a guide to get you started, not a mortgage offer. A broker or lender will assess your full circumstances.
Basic pay and London Weighting are almost always counted in full. Regular overtime and shift allowances are often included too, though lenders differ on how much, from half to the full amount, and usually want to see it is consistent.
Because police income is seen as stable and secure, some lenders offer key worker or professional mortgage products with more generous terms. A specialist broker can match you to the right lender.