1St Time Mortgage?

[yelenots]

We are trying to persuade our daughter to buy her first flat/house! How do the banks/building societies work out how much they will lend you?
Thanks!

[factor-fiction]

There are online calculators.
For example here is the one for Halifax
http://www.halifax.co.uk/mortgages/forms/minicalc/container.asp

[Buenchico]

Useful information, about the criteria used, from Lloyds Bank:
http://www.lloydsbank.com/help-guidance/product-guides/mortgages/how-much-can-i-borrow.asp

A calculator from Tesco Bank:
http://www.tescobank.com/mortgages/how-much-can-i-borrow-calculator.html

and another one from RBS:
http://www.rbs.co.uk/personal/mortgages/g2/how-much-can-i-borrow.ashx

[yelenots]

Brilliant.....thanks :-)