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How much can you borrow · Monthly repayments · Deposit scenarios
Maximum Borrowing
On a £130,000 salary, you can borrow up to £585,000 (4.5× income). Monthly repayment: £3,419.85 at 5% over 25 years.
Max Mortgage
£585,000
Monthly Payment
£3,419.85
Take-Home After
£3,251.64
% of Income
51%
| Deposit | Property Price | Deposit Amount | Monthly Payment | Left Over |
|---|---|---|---|---|
| 5% | £615,789 | £30,789 | £3,419.85 | £3,251.64 |
| 10% | £650,000 | £65,000 | £3,419.85 | £3,251.64 |
| 15% | £688,235 | £103,235 | £3,419.85 | £3,251.64 |
| 20% | £731,250 | £146,250 | £3,419.85 | £3,251.64 |
Based on 4.5× income multiplier, 5% interest rate, 25-year term. Actual rates and multipliers vary by lender.
| Deposit | Property Price | Standard | First-Time Buyer |
|---|---|---|---|
| 5% | £615,789 | £18,289 | £9,539 |
| 10% | £650,000 | £20,000 | £20,000 |
| 15% | £688,235 | £21,912 | £21,912 |
| 20% | £731,250 | £24,063 | £24,063 |
England & Wales standard residential rates. First-time buyer relief applies to properties up to £625,000.
Financial advisers recommend spending no more than 30% of your take-home pay on housing. On a £130,000 salary with monthly take-home of £6,671.49:
Max Monthly Housing
£2,001.45
Comfortable Mortgage
£342,368
Conservative (4×)
£520,000
£3,039.87/mo
| Item | Annual | Monthly |
|---|---|---|
| Gross Salary | £130,000 | £10,833.33 |
| Income Tax | −£45,331.50 | −£3,777.63 |
| National Insurance | −£4,610.60 | −£384.22 |
| Take-Home Pay | £80,057.90 | £6,671.49 |
Want to see how pension contributions or student loans affect your mortgage affordability?
Use the Full CalculatorDisclaimer: These are estimates for illustration only. Actual mortgage offers depend on credit score, existing debts, lender criteria, and property valuation. Consult a mortgage adviser for personalised guidance.