Answers · UK 2025/26
How big a mortgage can I get on a £175,000 salary?
Typically around £700,000 to £788,000, based on the common 4x to 4.5x income multiple lenders apply (4 to 4.5 times £175,000). Some lenders stretch further for high earners with strong credit, but outgoings and existing debt can reduce the figure.
Full answer
Most UK lenders cap borrowing at roughly 4 to 4.5 times gross annual income, so on a £175,000 salary you could typically borrow between £700,000 and £788,000. A few lenders offer 5x for high earners with a strong credit profile, potentially reaching £875,000, but income multiples are only the starting point before a full affordability check on your outgoings. Worked example: borrowing £788,000 over 25 years at 5.0% costs about £4,607 a month. Take-home pay on a £175,000 salary is roughly £8,919 a month for 2026/27 after Income Tax, National Insurance and the Personal Allowance taper, so this payment is around 52% of net income -- comfortably above the 35-40% threshold most lenders prefer, meaning few borrowers at this salary actually use the full multiple available. Adding a deposit increases the property price you can target: £788,000 borrowing plus a £150,000 deposit buys a property around £938,000. Use the mortgage affordability calculator to factor in your deposit and outgoings, and the take-home pay calculator to check your real monthly budget.
Try the calculator
More answers
This answer is informational only and does not constitute financial, tax or legal advice. Figures are for the 2025/26 UK tax year. See our methodology and sources.