Borrowing
What house can I afford on a £75,000 salary?
On £75,000 a year, many lenders would lend around £337,500, which is 4.5 times your income. With a 5% deposit that reaches a home of about £355,000, or about £375,000 with 10% down.
| Deposit | Home | Monthly | Cash on day one |
|---|---|---|---|
| 5%£17,750 | £355,000 | £1,709 | £24,320 |
| 10%£37,500 | £375,000 | £1,710 | £45,150 |
| 15%£59,550 | £397,000 | £1,710 | £68,390 |
| 20%£84,200 | £421,000 | £1,707 | £94,330 |
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
£75,000 is about £4,505 a month after tax and National Insurance in England. The £1,710 mortgage with a 10% deposit would be about 38% of that, before bills and council tax.
Common questions
- How much can I borrow on £75,000?
- Many lenders lend around 4.5 times income, so about £337,500. Some go up to 5 times, about £375,000, 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 £375,000, a £337,500 repayment mortgage at 4.5% over 30 years is about £1,710 a month, before bills and council tax.
- How much cash do I need on day one?
- About £45,150 at that price with a 10% deposit: the £37,500 deposit plus legal fees, searches, a survey and moving, and £3,750 Stamp Duty. 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. Add your incomes and use the guide for the total.
A guide, not a promise anyone will lend. Debts, other payments and your credit history change what a lender offers. Checked 2026-10-04.