Borrowing
What house can I afford on a £50,000 salary?
On £50,000 a year, many lenders would lend around £225,000, which is 4.5 times your income. With a 5% deposit that reaches a home of about £236,000, or about £250,000 with 10% down.
| Deposit | Home | Monthly | Cash on day one |
|---|---|---|---|
| 5%£11,800 | £236,000 | £1,136 | £15,140 |
| 10%£25,000 | £250,000 | £1,140 | £28,410 |
| 15%£39,600 | £264,000 | £1,137 | £43,060 |
| 20%£56,200 | £281,000 | £1,139 | £59,720 |
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
£50,000 is about £3,293 a month after tax and National Insurance in England. The £1,140 mortgage with a 10% deposit would be about 35% of that, before bills and council tax.
Common questions
- How much can I borrow on £50,000?
- Many lenders lend around 4.5 times income, so about £225,000. Some go up to 5 times, about £250,000, 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 £250,000, a £225,000 repayment mortgage at 4.5% over 30 years is about £1,140 a month, before bills and council tax.
- How much cash do I need on day one?
- About £28,410 at that price with a 10% deposit: the £25,000 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 £50,000 each is £100,000 between you, which reaches about £500,000 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.