Answers · UK 2025/26

How big a mortgage can I get on a £275,000 salary?

Typically around £1,100,000 to £1,238,000, based on the common 4x to 4.5x income multiple lenders apply (4 to 4.5 times £275,000). At this income level, most borrowers work through a broker with access to private banking rather than standard high street products.

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

Full answer

Most UK lenders cap borrowing at roughly 4 to 4.5 times gross annual income, so on a £275,000 salary you could typically borrow between £1,100,000 and £1,238,000, though at this level lending is usually arranged through private banking rather than a simple income-multiple calculator. Worked example: borrowing £1,238,000 over 25 years at 5.0% costs about £7,237 a month. Take-home pay on a £275,000 salary is roughly £13,752 a month for 2026/27 after Income Tax, National Insurance and the Personal Allowance taper (fully withdrawn above £125,140, meaning a substantial portion of income is taxed at the 45% additional rate), so this payment is around 53% of net income. Private banks serving this income bracket typically look at total wealth, investment portfolios, bonus history and future earning potential rather than applying a rigid multiple, and can offer interest-only or hybrid structures not widely available on the high street. Adding a deposit increases the property price you can target: £1,238,000 borrowing plus a £300,000 deposit buys a property around £1,538,000. Use the mortgage affordability calculator as a starting-point estimate.