Find out how much you could borrow and what your total property budget might be, based on your income, deposit, and current interest rates.
Estimate how much you could borrow based on your income
| Multiple | Borrowing | Budget | Monthly |
|---|---|---|---|
| 3.0× | £150,000 | £175,000 | £834 |
| 3.5× | £175,000 | £200,000 | £973 |
| 4.0× | £200,000 | £225,000 | £1,112 |
| 4.5× | £225,000 | £250,000 | £1,251 |
| 5.0× | £250,000 | £275,000 | £1,390 |
| 5.5× | £275,000 | £300,000 | £1,529 |
This is an estimate only – speak to a mortgage adviser for personalised advice. Actual mortgage offers depend on your income, outgoings, credit history, and the lender's criteria.
Lenders typically offer between 3× and 5.5× your annual salary as a mortgage, depending on your credit history, outgoings, and the lender's own criteria. A salary multiple of 4–4.5× is the most common starting point for standard applications.
The salary multiple is the ratio lenders use to cap your borrowing. At 4.5×, an annual salary of £50,000 gives a maximum mortgage of £225,000. Adding a £25,000 deposit brings your total property budget to £250,000.
This calculator provides estimates only. Actual mortgage offers depend on your circumstances, outgoings, credit history, and the lender's criteria. Seek independent mortgage advice before making any decisions.
