Borrowing
What house can I afford on a £35,000 salary?
On £35,000 a year, many lenders would lend around £157,500, which is 4.5 times your income. With a 5% deposit that reaches a home of about £165,000, or about £175,000 with 10% down.
| Deposit | Home | Monthly | Cash on day one |
|---|---|---|---|
| 5%£8,250 | £165,000 | £794 | £11,310 |
| 10%£17,500 | £175,000 | £798 | £20,600 |
| 15%£27,750 | £185,000 | £797 | £30,890 |
| 20%£39,200 | £196,000 | £794 | £42,380 |
Repayment mortgage at 4.5% over 30 years. Day one cash is the deposit plus fees, and Stamp Duty in England for a first-time buyer. Try your own rate and term
Against your take-home pay
£35,000 is about £2,393 a month after tax and National Insurance in England. The £798 mortgage with a 10% deposit would be about 33% of that, before bills and council tax.
Common questions
- How much can I borrow on £35,000?
- Many lenders lend around 4.5 times income, so about £157,500. Some go up to 5 times, about £175,000, for some buyers. Debts and other payments bring it down. Only a lender can say for sure.
- What would the mortgage cost a month?
- With a 10% deposit on about £175,000, a £157,500 repayment mortgage at 4.5% over 30 years is about £798 a month, before bills and council tax.
- How much cash do I need on day one?
- About £20,600 at that price with a 10% deposit: the £17,500 deposit plus legal fees, searches, a survey and moving. First-time buyers in England pay no Stamp Duty up to £300,000.
- What if I'm buying with someone?
- Lenders add your incomes together. Two people on £35,000 each is £70,000 between you, which reaches about £350,000 with a 10% deposit.
A guide, not a promise anyone will lend. Debts, other payments and your credit history change what a lender offers. Checked 2026-10-04.