Answers · UK 2025/26
How big a mortgage can I get on a £250,000 salary?
Typically around £1,000,000 to £1,125,000, based on the common 4x to 4.5x income multiple lenders apply (4 to 4.5 times £250,000). At this income level, most borrowers work through a broker with access to private banking 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 £250,000 salary you could typically borrow between £1,000,000 and £1,125,000, with some private banks offering more for high earners with substantial assets or bonus income. Worked example: borrowing £1,125,000 over 25 years at 5.0% costs about £6,577 a month. Take-home pay on a £250,000 salary is roughly £12,544 a month for 2026/27 after Income Tax, National Insurance and the Personal Allowance taper (fully withdrawn above £125,140, so the additional 45% rate applies to a large slice of this income), so this payment is around 52% of net income, above the 35-40% level most lenders prefer for standard affordability models. At this income level, most mainstream high street lenders either cap the maximum loan or refer applications to private banking or high-net-worth divisions, which assess affordability using a wider picture of assets, bonus history and overall wealth. Adding a deposit increases the property price you can target: £1,125,000 borrowing plus a £300,000 deposit buys a property around £1,425,000. 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.