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How much can you borrow · Monthly repayments · Deposit scenarios
Maximum Borrowing
On a £20,000 salary, you can borrow up to £90,000 (4.5× income). Monthly repayment: £526.13 at 5% over 25 years.
Max Mortgage
£90,000
Monthly Payment
£526.13
Take-Home After
£967.17
% of Income
35%
| Deposit | Property Price | Deposit Amount | Monthly Payment | Left Over |
|---|---|---|---|---|
| 5% | £94,737 | £4,737 | £526.13 | £967.17 |
| 10% | £100,000 | £10,000 | £526.13 | £967.17 |
| 15% | £105,882 | £15,882 | £526.13 | £967.17 |
| 20% | £112,500 | £22,500 | £526.13 | £967.17 |
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% | £94,737 | £0 | £0 |
| 10% | £100,000 | £0 | £0 |
| 15% | £105,882 | £0 | £0 |
| 20% | £112,500 | £0 | £0 |
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 £20,000 salary with monthly take-home of £1,493.30:
Max Monthly Housing
£447.99
Comfortable Mortgage
£76,633
Conservative (4×)
£80,000
£467.67/mo
| Item | Annual | Monthly |
|---|---|---|
| Gross Salary | £20,000 | £1,666.67 |
| Income Tax | −£1,486.00 | −£123.83 |
| National Insurance | −£594.40 | −£49.53 |
| Take-Home Pay | £17,919.60 | £1,493.30 |
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.