How Much House Can I Afford?

Enter your salary and savings to see your buying power in any UK city

In the UK, most lenders offer between 4x and 4.5x your annual salary as a mortgage. On the UK median salary of £37,430, that means a maximum mortgage of around £168,435. With a 10% deposit, this covers properties up to £187,150.

£168,435 Max mortgage on UK median salary 4.5× £37,430
£523,000 Average London house price ONS, March 2026
£248,000 Average Manchester house price ONS, March 2026
£164,000 Average Newcastle house price ONS, March 2026

Enter your salary and savings below to see your personal numbers →

Your Situation

  • London
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  • Newcastle
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  • Nottingham
  • Leicester
  • Edinburgh
  • Glasgow
  • Cardiff
  • Belfast
  • Cambridge
£
£
Include any Help to Buy ISA or Lifetime ISA savings
£
After all your current living costs

Buying Preferences

£
Default is the ONS average for your selected city
First-time buyer
Affects stamp duty calculations
%
Current average is around 4.5% for a 2-year fix
x salary
Most lenders offer 4x–5.5x. Default is 4.5x (standard estimate). If you have an Agreement in Principle, enter your actual multiplier.
£
This reduces how much you can borrow

Buying a home in —

Target price —
Deposit (10%) —
Stamp Duty Calculate in detail → —
Total cash needed —
Your savings —
Savings gap —

Your monthly costs as a homeowner

Mortgage repayment — —
Service charge (est.) —
Buildings insurance (est.) —
Total monthly housing cost —
Student loan repayment —

Your borrowing power

Maximum borrowing —
Mortgage needed —
Borrowing status —

Timeline

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Stamp Duty Calculator → Rent vs Buy Calculator → Salary Reality Checker →

Calculations based on 2026/27 HMRC rates and ONS house price data (March 2026). Stamp Duty calculated using current SDLT/LBTT/LTT rates. Mortgage calculations assume a 25-year repayment mortgage. Mortgage borrowing limits are estimated at 4.5x salary — some lenders may offer up to 5x or 5.5x depending on your circumstances. Actual borrowing capacity depends on your credit score, outgoings, employment status, and individual lender criteria. All figures are estimates only and do not constitute financial advice. Always consult a qualified mortgage adviser before making property decisions.

Mortgage calculations are estimates only. Actual affordability depends on credit score, lender criteria, and individual circumstances. Stamp duty rates from April 2025. House prices are ONS averages and may not reflect current market conditions.

This tool provides estimates only and does not constitute financial advice. Comfort level indicators are illustrative categories based on estimated disposable income and do not constitute financial advice. Individual circumstances vary significantly.