Using the Purplebricks 'How much can I borrow' mortgage calculator, determine the estimated maximum borrowing amount for a first-time buyer with an annual income of £50,000 and a deposit of £20,000. State the estimated maximum borrowing amount and any key disclaimers provided by the calculator.
Navigate to purplebricks.co.uk Click on the 'Mortgages' link in the main navigation. Locate and click on the 'How much can I borrow' link to access the calculator. Input '50000' for the 'Annual income of applicants' field. Input '20000' for the 'Deposit' field. Identify and extract the 'You could afford a property worth' amount displayed by the calculator. Identify and extract any disclaimers or assumptions mentioned on the calculator page regarding the results.
Successfully navigate to the 'How much can I borrow' mortgage affordability calculator. Input '50,000' for the annual income. Input '20,000' for the deposit amount. State the exact maximum borrowing amount calculated, which is £257,500. Identify and state the disclaimer: 'Our mortgage calculator can give you a rough figure of what you can afford to spend on a property.'