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How much can you borrow · Monthly repayments · Deposit scenarios
Maximum Borrowing
On a £60,000 salary, you can borrow up to £270,000 (4.5× income). Monthly repayment: £1,578.39 at 5% over 25 years.
Max Mortgage
£270,000
Monthly Payment
£1,578.39
Take-Home After
£2,201.39
% of Income
42%
| Deposit | Property Price | Deposit Amount | Monthly Payment | Left Over |
|---|---|---|---|---|
| 5% | £284,211 | £14,211 | £1,578.39 | £2,201.39 |
| 10% | £300,000 | £30,000 | £1,578.39 | £2,201.39 |
| 15% | £317,647 | £47,647 | £1,578.39 | £2,201.39 |
| 20% | £337,500 | £67,500 | £1,578.39 | £2,201.39 |
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% | £284,211 | £1,711 | £0 |
| 10% | £300,000 | £2,500 | £0 |
| 15% | £317,647 | £3,382 | £0 |
| 20% | £337,500 | £4,375 | £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 £60,000 salary with monthly take-home of £3,779.78:
Max Monthly Housing
£1,133.94
Comfortable Mortgage
£193,971
Conservative (4×)
£240,000
£1,403.02/mo
| Item | Annual | Monthly |
|---|---|---|
| Gross Salary | £60,000 | £5,000.00 |
| Income Tax | −£11,432.00 | −£952.67 |
| National Insurance | −£3,210.60 | −£267.55 |
| Take-Home Pay | £45,357.40 | £3,779.78 |
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.