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How much can you borrow · Monthly repayments · Deposit scenarios
Maximum Borrowing
On a £45,000 salary, you can borrow up to £202,500 (4.5× income). Monthly repayment: £1,183.79 at 5% over 25 years.
Max Mortgage
£202,500
Monthly Payment
£1,183.79
Take-Home After
£1,809.51
% of Income
40%
| Deposit | Property Price | Deposit Amount | Monthly Payment | Left Over |
|---|---|---|---|---|
| 5% | £213,158 | £10,658 | £1,183.79 | £1,809.51 |
| 10% | £225,000 | £22,500 | £1,183.79 | £1,809.51 |
| 15% | £238,235 | £35,735 | £1,183.79 | £1,809.51 |
| 20% | £253,125 | £50,625 | £1,183.79 | £1,809.51 |
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% | £213,158 | £0 | £0 |
| 10% | £225,000 | £0 | £0 |
| 15% | £238,235 | £0 | £0 |
| 20% | £253,125 | £156 | £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 £45,000 salary with monthly take-home of £2,993.30:
Max Monthly Housing
£897.99
Comfortable Mortgage
£153,610
Conservative (4×)
£180,000
£1,052.26/mo
| Item | Annual | Monthly |
|---|---|---|
| Gross Salary | £45,000 | £3,750.00 |
| Income Tax | −£6,486.00 | −£540.50 |
| National Insurance | −£2,594.40 | −£216.20 |
| Take-Home Pay | £35,919.60 | £2,993.30 |
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.