How Big a Mortgage?
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£40k salary

What mortgage can I get on a £40k salary?

Illustrative starting point
Home price£215,000Mortgage£180,000

Includes a £35,000 deposit · 83.7% LTV

Before tax, including bonuses
Excluding Stamp Duty and fees
What counts?Use total household income

The £40,000 can be one income or combined incomes, before tax and including regular bonuses.

See the full estimate

How this answer works

£40,000 × 4.5

That produces a £180,000 income-based starting mortgage. The example adds a £35,000 deposit, while the 95% maximum illustrative LTV remains a separate limit.

Illustrative only. Lenders assess income, spending, credit and property differently. Assumptions and sources.