Borrowing
What house can I afford on a £85,000 salary?
On £85,000 a year, many lenders would lend around £382,500, which is 4.5 times your income. With a 5% deposit that reaches a home of about £402,000, or about £425,000 with 10% down.
| Deposit | Home | Monthly | Cash on day one |
|---|---|---|---|
| 5%£20,100 | £402,000 | £1,935 | £29,210 |
| 10%£42,500 | £425,000 | £1,938 | £52,850 |
| 15%£67,500 | £450,000 | £1,938 | £79,210 |
| 20%£95,600 | £478,000 | £1,938 | £108,820 |
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
£85,000 is about £4,988 a month after tax and National Insurance in England. The £1,938 mortgage with a 10% deposit would be about 39% of that, before bills and council tax.
Common questions
- How much can I borrow on £85,000?
- Many lenders lend around 4.5 times income, so about £382,500. Some go up to 5 times, about £425,000, 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 £425,000, a £382,500 repayment mortgage at 4.5% over 30 years is about £1,938 a month, before bills and council tax.
- How much cash do I need on day one?
- About £52,850 at that price with a 10% deposit: the £42,500 deposit plus legal fees, searches, a survey and moving, and £6,250 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.