Move with Us has launched a property search engine that matches individual properties to a homebuyer’s budget.

It also claims to calculate all the costs associated with moving home.

The calculator, which is tied to the website’s property search, indicates which properties the buyer can afford, displaying what their approximate monthly payments would be as well as any shortfall in a property that is over their budget.

Move with Us says the tool takes into consideration factors such as income, loan to value and deposit size in the calculation and the sum is based on current lending practices, which stress high deposits and a maximum 85% loan to value.

The residential property specialist estimates that British homeowners collectively spend over 800,000 hours a month looking online at properties that they do not have the finances for. It says the new tool illustrates to potential homebuyers the other costs associated with moving, such as conveyancing, stamp duty and moving costs.

Robin King, director of Move with Us, said: “Since the credit crunch there has been concern about having more responsible lending practices and the tool is aimed at supporting homebuyers find properties that are realistically within their means