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Use this calculator to determine how much you could potentially borrow for a mortgage, based on the typical salary multiples used by most UK lenders.
Your Results:
You could borrow up to
Most lenders would consider letting you borrow
This is based on 4.5 times your household income, the standard calculation used by the majority of mortgage providers. To borrow more than this, you will need to use a mortgage broker to access specialist lenders.
Some lenders would consider letting you borrow
This is based on 4.75 times your household income, a salary multiple you might struggle to qualify for without the help of a broker. This income multiple is not widely available to customers who are applying directly with a lender.
A minority of lenders would consider letting you borrow
This is based on 5.5 times your household income, a salary multiple you will struggle to get without a broker. 5.5 times salary mortgages are usually only available under very specific circumstances.
Get Started with an expert broker to find out exactly how much you could borrow.
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A mortgage 3 times your salary means the lender will offer a loan amount that is three times your annual income. For example, if your salary is £30,000, you may be able to borrow up to £90,000.
Some lenders may use 3 times your salary as a benchmark, while others might apply different multiples. Most commonly, lenders use 4 or 4.5 times annual income, with some going as high as 5 or even 6 times. Beyond this, they consider your credit history, monthly expenses, age, and type of income during their affordability assessment. Each lender has unique criteria for determining the mortgage amounts they are willing to offer.
The table below illustrates potential borrowing amounts:
Yearly Salary |
3 Times Salary |
4 Times Salary |
4.5 Times Salary |
5 Times Salary |
5.5 Times Salary |
£20,000 |
£60,000 |
£80,000 |
£90,000 |
£100,000 |
£110,000 |
£30,000 |
£90,000 |
£120,000 |
£135,000 |
£150,000 |
£165,000 |
£40,000 |
£120,000 |
£160,000 |
£180,000 |
£200,000 |
£220,000 |
£50,000 |
£150,000 |
£200,000 |
£225,000 |
£250,000 |
£275,000 |
£60,000 |
£180,000 |
£240,000 |
£270,000 |
£300,000 |
£330,000 |
£70,000 |
£210,000 |
£280,000 |
£315,000 |
£350,000 |
£385,000 |
£80,000 |
£240,000 |
£320,000 |
£360,000 |
£400,000 |
£440,000 |
£90,000 |
£270,000 |
£360,000 |
£405,000 |
£450,000 |
£495,000 |
£100,000 |
£300,000 |
£400,000 |
£450,000 |
£500,000 |
£550,000 |
This table helps to understand the range of mortgage amounts you could potentially borrow based on your annual income and the income multiple applied by different lenders.
Based on a mortgage of £300,000 at 75% LTV and 25 years Today’s best buy mortgages
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The deposit required typically ranges from 5% to 20% of the property’s value. A larger deposit may increase your chances of being approved for a mortgage 3 times your salary. For example:
Property Value | 5% Deposit | 10% Deposit | 15% Deposit | 20% Deposit |
£150,000 | £7,500 | £15,000 | £22,500 | £30,000 |
£200,000 | £10,000 | £20,000 | £30,000 | £40,000 |
£250,000 | £12,500 | £25,000 | £37,500 | £50,000 |
£300,000 | £15,000 | £30,000 | £45,000 | £60,000 |
£400,000 | £20,000 | £40,000 | £60,000 | £80,000 |
£500,000 | £25,000 | £50,000 | £75,000 | £100,000 |
£600,000 | £30,000 | £60,000 | £90,000 | £120,000 |
Use our Mortgage Affordability Calculator to determine how much you can borrow.
Use this calculator to determine how much you could potentially borrow for a mortgage, based on the typical salary multiples used by most UK lenders.
Your Results:
You could borrow up to
Most lenders would consider letting you borrow
This is based on 4.5 times your household income, the standard calculation used by the majority of mortgage providers. To borrow more than this, you will need to use a mortgage broker to access specialist lenders.
Some lenders would consider letting you borrow
This is based on 4.75 times your household income, a salary multiple you might struggle to qualify for without the help of a broker. This income multiple is not widely available to customers who are applying directly with a lender.
A minority of lenders would consider letting you borrow
This is based on 5.5 times your household income, a salary multiple you will struggle to get without a broker. 5.5 times salary mortgages are usually only available under very specific circumstances.
Get Started with an expert broker to find out exactly how much you could borrow.
Get StartedLenders might use 3 times a salary as a conservative benchmark to minimise risk. Some may offer this amount specifically if the applicant’s borrowing needs align with this figure, ensuring the loan remains manageable and within safe lending parameters.
Whether you can obtain a mortgage three times your salary depends on several factors:
Income is not the only factor in a mortgage application. Lenders examine other financial details to assess borrower reliability:
Working with a broker can improve your chances by addressing any concerns lenders may have.
Borrowing beyond 3 times your salary is common and facilitated by many lenders. To enhance your borrowing potential:
Lenders vary in their use of income multiples, making it challenging to estimate your potential mortgage size based solely on your income. A broker like Ascot Mortgages can clarify this by quickly determining the likely mortgage offer and comparing it with those from different affordability scales.
Brokers provide valuable guidance, ensuring you don’t navigate the complex mortgage process alone. They offer support and answers, simplifying your path to securing the best possible mortgage for your financial situation.
Get things moving, apply for a remortgage.
Free unbiased mortgage advice is just a phone call away.
Yes, it is possible to get a mortgage 3 times salary even with credit issues, but it may be more challenging. Lenders will assess the severity of your credit problems, such as late payments, defaults, or bankruptcies. They may require a larger deposit or offer you a mortgage with higher interest rates to mitigate their risk. Working with a mortgage broker can help identify lenders who are more flexible and willing to consider applicants with imperfect credit histories. Consulting a broker can increase your chances of securing a mortgage despite credit issues.
Yes, if you have a stable retirement income. Some lenders cater to retired applicants based on their pension income.
Yes, but you will need to provide additional documentation such as tax returns and financial statements to prove your income.
Use our online mortgage calculator to estimate your borrowing capacity based on your salary and other financial factors.
Yes, most lenders offer higher income multiples like 4 or 4.5 times annual income. Factors such as a high credit score, low debt, and a significant deposit can increase your eligibility.
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Legal
Ascot Mortgages authorised and regulated by the Financial Conduct Authority and can be found on the FCA register (www.fca.org.uk) under reference 776062. The FCA do not regulate some forms of mortgages. The guidance and advice contained in this website is subject to UK regulatory regime and is therefore restricted to consumers based in the UK. There may be a fee for mortgage advice. The precise amount will depend upon your circumstances but we estimate it will be £599 per mortgage account. Ascot Mortgages Ltd give you the option to pay a non-refundable fee of £1299 payable with the application. If this option is taken, Ascot Mortgages Ltd will refund any procuration fee received by the lender.
Ascot Mortgages Limited is registered in England and Wales and have their registered office at 8 Webster Court, Westbrook, Warrington, WA5 8WD. The company’s registration number is 06764971.
We are a credit broker, not a lender. We work with the whole of the lending market. We may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature any commissions model will be confirmed to you before you proceed.
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