How Much Can I Borrow in Hove? 2025 Affordability Examples Using Local House Prices
Every search starts with the same question: how much can I borrow? While each lender has its own calculator, most will land somewhere around 4 to 4.5× gross income for straightforward cases (sometimes higher in specific circumstances). Here’s how that looks against typical Hove-area prices.
Important: These are illustrative, not offers. Real outcomes vary with credit history, debts, dependants, term, and deposit.
Example A: Single buyer, Portslade flat
- Income: £38,000
- Guide borrowing: ~£152k–£171k (4.0–4.5×)
- Deposit: £20k (saved/LISA/gift)
- Budget: ~£172k–£191k
- What that buys: 1-bed or compact 2-bed flat around Portslade/Aldrington, or a studio near Hove Station (condition/location dependent).
Example B: Couple, Aldrington terrace
- Incomes: £42,000 + £36,000
- Guide borrowing: ~£312k–£351k
- Deposit: £40k
- Budget: ~£352k–£391k
- What that buys: 2-bed terrace/maisonette in Aldrington or West Hove; stretch to 3-bed with work.
Example C: Family buyer, Hove & Southwick
- Incomes: £55,000 + £28,000
- Guide borrowing: ~£332k–£374k
- Deposit: £70k (equity from sale)
- Budget: ~£402k–£444k
- What that buys: 3-bed semi in Southwick/Shoreham-by-Sea or a 2–3-bed in central/west Hove.
Ways to increase what you can borrow (responsibly)
- Trim debts (loans/credit cards) to free up affordability.
- Longer term (e.g., 30–35 years) lowers the payment; you can shorten later if income rises.
- Evidence overtime/bonus/contract day rates — some lenders will include more of it than others.
- Improve the credit profile for access to sharper affordability models.
For tailored calculations, talk to a whole-of-market broker. We explicitly support “How much can you borrow?”, first-time buyers, moving home, remortgages, complex incomes and more. Hove Mortgage Services introduces customers locally to FCA-regulated advisers.