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How much can you borrow · Monthly repayments · Deposit scenarios
Maximum Borrowing
On a £70,000 salary, you can borrow up to £315,000 (4.5× income). Monthly repayment: £1,841.46 at 5% over 25 years.
Max Mortgage
£315,000
Monthly Payment
£1,841.46
Take-Home After
£2,421.66
% of Income
43%
| Deposit | Property Price | Deposit Amount | Monthly Payment | Left Over |
|---|---|---|---|---|
| 5% | £331,579 | £16,579 | £1,841.46 | £2,421.66 |
| 10% | £350,000 | £35,000 | £1,841.46 | £2,421.66 |
| 15% | £370,588 | £55,588 | £1,841.46 | £2,421.66 |
| 20% | £393,750 | £78,750 | £1,841.46 | £2,421.66 |
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% | £331,579 | £4,079 | £0 |
| 10% | £350,000 | £5,000 | £0 |
| 15% | £370,588 | £6,029 | £0 |
| 20% | £393,750 | £7,188 | £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 £70,000 salary with monthly take-home of £4,263.12:
Max Monthly Housing
£1,278.94
Comfortable Mortgage
£218,775
Conservative (4×)
£280,000
£1,636.85/mo
| Item | Annual | Monthly |
|---|---|---|
| Gross Salary | £70,000 | £5,833.33 |
| Income Tax | −£15,432.00 | −£1,286.00 |
| National Insurance | −£3,410.60 | −£284.22 |
| Take-Home Pay | £51,157.40 | £4,263.12 |
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.