Answers · UK 2025/26

How big a mortgage can I get on a £200,000 salary?

Typically around £900,000, based on the common 4.5x income cap (4.5 x £200,000). Some lenders stretch to 5x (£1,000,000) or more for higher earners with strong credit, but affordability checks and lender loan-size limits often apply at this level.

Last updated: 10 July 2026Last reviewed: 10 July 2026How we verify

Full answer

Most UK mortgage lenders cap borrowing at roughly 4 to 4.5 times gross annual income, so on a £200,000 salary you can usually borrow about £800,000 to £900,000. Some lenders offer 5x or 5.5x for borrowers with a clean credit history and manageable existing commitments, potentially reaching £1,000,000 to £1,100,000, though at this size some mainstream lenders route applications to specialist high-net-worth or private banking teams with bespoke underwriting rather than standard income multiples. Worked example: borrowing £900,000 over 25 years at 5.0% costs about £5,261.31 a month. On a £200,000 salary your take-home pay for 2026/27 is roughly £9,815.53 a month after Income Tax (£76,203 a year) and National Insurance (£6,010.60 a year), so that payment is around 53.61% of net income -- at or above the level many lenders consider comfortable, meaning a smaller loan, a longer term, or a bigger deposit may be needed to bring the payment down.