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How much can you borrow · Monthly repayments · Deposit scenarios
Maximum Borrowing
On a £150,000 salary, you can borrow up to £675,000 (4.5× income). Monthly repayment: £3,945.98 at 5% over 25 years.
Max Mortgage
£675,000
Monthly Payment
£3,945.98
Take-Home After
£3,608.84
% of Income
52%
| Deposit | Property Price | Deposit Amount | Monthly Payment | Left Over |
|---|---|---|---|---|
| 5% | £710,526 | £35,526 | £3,945.98 | £3,608.84 |
| 10% | £750,000 | £75,000 | £3,945.98 | £3,608.84 |
| 15% | £794,118 | £119,118 | £3,945.98 | £3,608.84 |
| 20% | £843,750 | £168,750 | £3,945.98 | £3,608.84 |
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% | £710,526 | £23,026 | £23,026 |
| 10% | £750,000 | £25,000 | £25,000 |
| 15% | £794,118 | £27,206 | £27,206 |
| 20% | £843,750 | £29,688 | £29,688 |
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 £150,000 salary with monthly take-home of £7,554.83:
Max Monthly Housing
£2,266.45
Comfortable Mortgage
£387,699
Conservative (4×)
£600,000
£3,507.54/mo
| Item | Annual | Monthly |
|---|---|---|
| Gross Salary | £150,000 | £12,500.00 |
| Income Tax | −£54,331.50 | −£4,527.63 |
| National Insurance | −£5,010.60 | −£417.55 |
| Take-Home Pay | £90,657.90 | £7,554.83 |
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.