People looking to get themselves on the property ladder need to do their research before agreeing a mortgage.
Thanks to the current low level of interest rates and competition among high street banks and other lenders, there are some great mortgage deals to be had.
As well as different rates of interest, rival lenders will also offer to lend different amounts.
"People need to know how much they can borrow," a spokesman for the Halifax said.
"Our online calculator will set expectations about what you can borrow. You should then sit down and work it all out with an advisor."
Online calculators can be a useful tool to give homebuyers an idea of exactly what type of property they can afford. To read more about mortgages, click here.
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