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How much can you borrow · Monthly repayments · Deposit scenarios
Maximum Borrowing
On a £30,000 salary, you can borrow up to £135,000 (4.5× income). Monthly repayment: £789.20 at 5% over 25 years.
Max Mortgage
£135,000
Monthly Payment
£789.20
Take-Home After
£1,304.10
% of Income
38%
| Deposit | Property Price | Deposit Amount | Monthly Payment | Left Over |
|---|---|---|---|---|
| 5% | £142,105 | £7,105 | £789.20 | £1,304.10 |
| 10% | £150,000 | £15,000 | £789.20 | £1,304.10 |
| 15% | £158,824 | £23,824 | £789.20 | £1,304.10 |
| 20% | £168,750 | £33,750 | £789.20 | £1,304.10 |
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% | £142,105 | £0 | £0 |
| 10% | £150,000 | £0 | £0 |
| 15% | £158,824 | £0 | £0 |
| 20% | £168,750 | £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 £30,000 salary with monthly take-home of £2,093.30:
Max Monthly Housing
£627.99
Comfortable Mortgage
£107,424
Conservative (4×)
£120,000
£701.51/mo
| Item | Annual | Monthly |
|---|---|---|
| Gross Salary | £30,000 | £2,500.00 |
| Income Tax | −£3,486.00 | −£290.50 |
| National Insurance | −£1,394.40 | −£116.20 |
| Take-Home Pay | £25,119.60 | £2,093.30 |
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.