How much can we borrow

We area couple with one child. Him - semi state on 31k, Her part time self employed, average 10k with accounts.

We have savings and only need to borrow about 60 - 80k.

AIB told us we need to have 2300 clear after monthly repayments.

Does anyone know what the bank take into account in coming to this figure.

Does it include:
Regular private pension payments?
Existing monthly life insurance payments?
Regular childcare costs?

Regular childcare costs are a necessary expense and must be included. Pension and life cover are discretionary and need not be included. AIB should have a mortgage calculator on their website. Why not enter your information on the template to see how much you can borrow?

I read somewhere that the main banks look for the following to be available after payment of your mortgage (which is stress tested at rates 2% above current rates) and all other non-discretionary expenses:

€1,250 for a single person
€2,000 for a couple
€250 for each child

So a couple with a child need €2,250 and the extra €50 is likely to do with the stress testing of the mortgage.

Thanks for the answer that is very helpfull

Should have said thanks for the answers, both help to clear things up