Mortgage on £30,000 Salary
On a £30,000 salary, you could borrow between £120,000 and £150,000 for a mortgage.
Your Income Details
Calculate how much you can borrow for 2025/26
What You Could Afford
Based on £30,000 combined income
Lenders typically prefer mortgage payments under 35% of your take-home pay.
Borrowing on £30,000
With a £30,000 salary, most UK lenders will offer you between 4 and 4.5 times your income. This means you could borrow £120,000 to £135,000. Some lenders may stretch to 5x (£150,000) for borrowers with excellent credit and low outgoings.
Add a Deposit
With a £25,000 deposit, you could afford a property worth £160,000. A larger deposit means better interest rates and more property options. Aim for 10-20% of the property value for the best deals.
Joint Application
Buying with a partner? If they also earn £30,000, your combined borrowing power would be £270,000 at 4.5x. This significantly increases what you can afford.
Estimated Moving Costs
Based on a property value of approx. £150,000 (assuming 10% deposit).