'The amount of mortgage that you can afford depends on several different factors, with the main factor being how much you earn per month. Other factors include the amount of deposit you have, the term you want to borrow and your regular financial commitments including any household and lifestyle expenditure or existing debt.

'Typically, lenders will offer you around four, to four and a half times your monthly salary, taking out any bonuses and commission but it does depend on individual circumstance.'