Answers · UK 2025/26
How big a mortgage can I get on a £230,000 salary?
Typically around £920,000 to £1,035,000, based on the common 4x to 4.5x income multiple lenders apply (4 to 4.5 times £230,000). At this income level many borrowers use private banking or specialist high-net-worth lending panels rather than standard high street products.
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Most UK lenders cap borrowing at roughly 4 to 4.5 times gross annual income, so on a £230,000 salary you could typically borrow between £920,000 and £1,035,000, with some lenders stretching to 5x (£1,150,000) for high earners with a strong credit profile. Worked example: borrowing £1,035,000 over 25 years at 5.0% costs about £6,051 a month. Take-home pay on a £230,000 salary is roughly £11,577 a month for 2026/27 after Income Tax, National Insurance and the Personal Allowance taper (fully withdrawn above £125,140), so this payment is around 52% of net income, well above the 35-40% level most lenders prefer. Borrowers at this income typically work through a broker with access to private banking or high-net-worth lending panels, which can assess affordability using assets, bonus history and overall wealth rather than a rigid income multiple, particularly for loans above roughly £1 million. Adding a deposit increases the property price you can target: £1,035,000 borrowing plus a £250,000 deposit buys a property around £1,285,000. Use the mortgage affordability calculator to factor in your deposit and outgoings.
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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.