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How much can you borrow · Monthly repayments · Deposit scenarios
Maximum Borrowing
On a £80,000 salary, you can borrow up to £360,000 (4.5× income). Monthly repayment: £2,104.52 at 5% over 25 years.
Max Mortgage
£360,000
Monthly Payment
£2,104.52
Take-Home After
£2,641.93
% of Income
44%
| Deposit | Property Price | Deposit Amount | Monthly Payment | Left Over |
|---|---|---|---|---|
| 5% | £378,947 | £18,947 | £2,104.52 | £2,641.93 |
| 10% | £400,000 | £40,000 | £2,104.52 | £2,641.93 |
| 15% | £423,529 | £63,529 | £2,104.52 | £2,641.93 |
| 20% | £450,000 | £90,000 | £2,104.52 | £2,641.93 |
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% | £378,947 | £6,447 | £0 |
| 10% | £400,000 | £7,500 | £0 |
| 15% | £423,529 | £8,676 | £0 |
| 20% | £450,000 | £10,000 | £1,250 |
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 £80,000 salary with monthly take-home of £4,746.45:
Max Monthly Housing
£1,423.94
Comfortable Mortgage
£243,578
Conservative (4×)
£320,000
£1,870.69/mo
| Item | Annual | Monthly |
|---|---|---|
| Gross Salary | £80,000 | £6,666.67 |
| Income Tax | −£19,432.00 | −£1,619.33 |
| National Insurance | −£3,610.60 | −£300.88 |
| Take-Home Pay | £56,957.40 | £4,746.45 |
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.