Get Your Best Mortgage Deal, Completely Fee-Free!
In this guide:
    Add a header to begin generating the table of contents

    A common question asked by our customers is this one: What size mortgage can I get with my income?

    Mortgage lenders will base the borrowing amount on a number of different factors, one of which will be the income multiple they use when calculating the amount they are willing to offer.

    Keep reading to learn more about income multiples and then get in touch with our friendly team of mortgage experts if you have any questions after reading this guide.

    What are mortgage income multiples?

    In simple terms, a mortgage income multiple is a multiple of your annual income.

    As mentioned, mortgage lenders will use income multiples when working out what you could potentially borrow for a mortgage.

    Most mortgage lenders offer a 4.5 times salary mortgage using a multiple of 4 or 4.5 however there are those who offer higher income multiples in the right circumstances.

    Example: If you earn £30,000 a year and the lender uses a multiple of 4, you may be able to borrow up to £120,000. This is because the lender multiplies your annual income by 4.

    Should you gain access to a mortgage provider willing to offer you 5 times your income, you may be able to borrow more money, up to a maximum of £150,000 using the same calculation method.

    What income multiples can you get for a mortgage?

    Different mortgage lenders offer different income multiples so whereas one lender might be willing to calculate your mortgage size using 4.5 x your income, another mortgage lender might choose to calculate your mortgage using a higher or lower multiple.

    As such, there isn’t always a hard and fast rule when it comes to finding a maximum income multiple, although your personal circumstances can sometimes dictate what income multiple a mortgage lender will use.

    Many lenders cap income multiples at 4.5 but if you’re a high earner, you may be eligible for a mortgage size calculated with a multiple of 5 or 6 with the right mortgage lender.

    In rare cases, some customers are able to get a mortgage with a multiple of 7 but to be eligible, you would need to use the services of a private lender and be a high net-worth individual.

    Calculating your mortgage affordability

    If you want to know what size mortgage you could potentially borrow for a home, the best thing to do is speak to one of our mortgage advisers.

    But in the meantime, you can get an estimate of the mortgage size you may be offered by using the mortgage repayment calculator below.

    Mortgage Affordability Calculator

    To get an estimate of how much you could borrow from a mortgage lender, enter your household income into the box below.

    Enter your sole or joint income below and see how much you can borrow.

    For a more detailed and personalised mortgage affordability, use our Mortgage Affordability Calculator here >

    Example calculations

    The table below can give you an idea of how much you may be able to borrow from a mortgage lender, based on different income sizes and income multiples. If you’re applying for a joint mortgage, be sure to factor in the other applicant’s earnings when looking for the relevant income bracket.

    Salary 4x Salary 4.5x Salary 5x Salary 6x Salary
    £25,000 £100,000 £112,500 £125,000 £150,000
    £30,000 £120,000 £135,000 £150,000 £180,000
    £35,000 £140,000 £157,500 £175,000 £210,000
    £45,000 £180,000 £202,500 £225,000 £270,000
    £55,000 £220,000 £247,500 £275,000 £330,000
    £65,000 £260,000 £292,500 £325,000 £390,000
    £75,000 £300,000 £337,500 £375,000 £450,000
    £85,000 £340,000 £382,500 £425,000 £510,000
    £95,000 £380,000 £427,500 £475,000 £570,000
    £105,000 £420,000 £472,500 £525,000 £630,000

    How a broker can help secure a higher mortgage income multiplier

    If you need a higher income multiple to secure your dream property, get in touch with YesCanDo Money’s mortgage experts for qualified advice and support.

    We will consider your income, including both your salary and any additional earnings you receive, and then look for ways to maximise your borrowing potential.

    We will also advise you on the steps you need to take to be eligible for higher multiples before searching the market for the best deal available for somebody in your situation.

    Getting your best possible mortgage made easy
    Put the odds of mortgage approval in your favour with the help of a qualified and experienced mortgage broker.

    5 factors that affect what income multiple you can get

    A number of factors can affect the multiple you will be offered and they are all based on the level of financial risk you pose to the lender. The less risk you are, the more you will be able to borrow as you should be eligible for higher multiples.

    1) Deposit

    To be eligible for a mortgage, you need to put down a deposit. The more money you can raise for your down payment the better, as larger deposits equate to lower loan-to-value mortgages.

    Higher-income multiples are offered to people with bigger deposits so if you can raise at least 15% of a property price for a lower loan-to-value mortgage, you may be eligible for a mortgage amount that is equivalent to 5 times your income or higher.

    2) Annual Income

    Before you’re offered a mortgage, the lender will go to great lengths to make sure you can afford your monthly payments, not just now but also in the future should interest rates rise.

    Your income will be considered when they assess your affordability and if it’s enough to qualify for a mortgage, your chances of approval will be improved.

    Higher salary multiples are often offered to higher earners so your borrowing ability could be increased.

    If you’re applying for a joint mortgage, the combined income of the joint applicants could be enough to qualify for a higher income multiple. As such, you don’t necessarily need to be a high earner if you are adding another person to the mortgage application.

    3) Employment type

    The higher your income, the higher the salary multiple you are likely to be offered.

    But how your income is worked out will depend on whether you’re employed or self-employed.

    This is straightforward if you’re in a full-time employed role as mortgage lenders will make calculations based on your annual salary.

    But if you’re self-employed, most lenders will apply the income multiple to an average of the earnings you have made over the last 2-3 years. You will need to evidence your earnings with your SA302 tax calculations and account statements.

    If you’re a limited company director, most lenders will include your dividend income when calculating your earnings, so the multiple you are offered won’t only be based on your salary. The mortgage process is sometimes complicated for limited company directors but with the help of an expert mortgage broker, such as ourselves, getting a mortgage can be made easier.

    4) Property type

    If you’re planning on buying a property made from non-standard construction materials, or if you need a mortgage for an unusual property type, your mortgage may be worked out with a lower income multiple.

    This is because non-standard properties are considered a risk by some lenders so lending criteria can be much stricter. Such properties include:

    • Houses with thatched rooves
    • Houses with glass, concrete, wooden, or metal walls
    • Flats in high-rise buildings
    • Flats above shops
    • Prefabs
    • Listed buildings

    5) Mortgage term

    Most mortgage terms are 25 years but if you opt for a shorter term, your monthly repayments could go up, and for some lenders, this will mean you’re a higher risk. Consequently, the income multiple you’re offered may be lower.

    The reverse may be true if you choose a longer mortgage term. As your mortgage payments will usually be lower, you may be eligible for a higher income multiple.

    Lenders’ mortgage income multiples

    As you can see, there are a number of factors that come into play when it comes to the salary multiples offered by different lenders.

    How much you can borrow for a mortgage will also depend on the lender you choose and whether or not they accept supplemental income. We go into a little more detail below.

    Which mortgage lenders offer the highest income multiples?

    A number of lenders offer mortgages of 5.5 x income, including Barclays, Santander, and Halifax, but these are usually reserved for higher earners.

    Santander, for example, requires a combined income of £100,000 or more and an LTV of 75% or less. Barclays set the same income requirements but with a maximum LTV of 85% or less.

    If you’re interested in high-income multiple mortgages, get in touch with our team for up-to-date information on the lenders that are willing to offer these.

    What supplemental income will lenders accept?

    Your annual salary isn’t the only form of income lenders will accept so you may be able to improve your mortgage affordability with the supplemental income you receive. This can include:

    • Pension income
    • State benefits
    • Investment dividends
    • Rental income
    • Bonuses
    • Commission
    • Overtime pay

    Do lenders take all of your outgoings into account?

    Your outgoings can impact your mortgage affordability but not everything will be taken into account. You don’t have to worry too much about your supermarket shopping, for example, or loans that only have a few months left to run.

    But if you have a lot of debts that are eating into your finances or if your spending is likely to impact your ability to make your mortgage repayments, then questions will be raised about your expenses.

    Before making your mortgage application, it’s wise to reduce your spending where you can. This will improve your mortgage affordability and your chances of getting a higher income multiple.

    Getting your best possible mortgage made easy
    Put the odds of mortgage approval in your favour with the help of a qualified and experienced mortgage broker.

    Housing affordability trends across the countries of Great Britain

    The below graph shows the ratio of housing affordability for median household income compared with median house prices for England, Wales, and Scotland from 1999 to 2021.

    Housing affordability to income ratios GBGraph created by YesCanDo | Data sourced from the Office of National Statistics (ONS)

    How an experienced mortgage broker can help you achieve higher income multiple mortgages

    Due to the steep rise in property prices over the last few years, many people are in need of higher-income multiple mortgages, but finding the lenders that offer these is sometimes tough.

    Fear not, however, as YesCanDo Money can help. Our mortgage brokers know which lenders on the mortgage market are prepared to offer higher income multiples so we can put you in touch with the right lender for your particular situation.

    We can also advise you on the steps you need to take to qualify for higher multiple mortgages.

    To learn more, get in touch with our experienced team using WhatsApp, phone, or our contact form below and we will give you all the support and advice you need on your mortgage journey.


    Many lenders cap their multiples at 4.5 but there are some who will stretch to 5 or 6 for high earners and those applying for a lower loan-to-value mortgage.

    There are even lenders who will offer a multiple of 7 but to qualify, you would need to be a high net worth individual with an annual income of £300,000 or assets worth at least £3 million.

    Your case will be assessed on the same basis as any other mortgage customer, so you won't be excluded from favourable salary multiples as a first-time buyer. Your income, credit score, deposit for your house purchase, and other factors will be taken into consideration when deciding which multiple you will be offered.

    Share this post:
    Grant Humphries (CeMAP)
    Grant Humphries (CeMAP)

    Grant Humphries (CeMAP) is a proficient Mortgage & Protection Adviser at YesCanDo Money. With a career spanning since 2001, Grant has honed his expertise in understanding lenders' criteria, complex financial situations, and the nuances of the mortgage market. His deep knowledge enables him to provide tailored solutions, especially for professionals and those with unique financial profiles. At YesCanDo, Grant's commitment to excellence is evident. He takes pride in guiding clients through their mortgage journey, ensuring they feel confident and informed at every step. From first-time buyers to seasoned investors, Grant's analytical approach and dedication make him a trusted adviser in the financial landscape

    Contact Us

    Other Mortgage Affordability Guides

    Large Mortgages: Solutions for High-Value Properties

    Our mortgage advisors at YesCanDo Money are experts at securing large mortgages and providing customised options for professionals, property investors, and high-net-worth individuals. Our mortgage ...
    Read More →

    Securing a Mortgage 4.5 times Salary: Full Guide

    Securing a mortgage can be both exciting and daunting. You might be surprised to learn that in some cases, it’s possible to borrow more than ...
    Read More →

    Can I Get a Mortgage for £130k?

    Are you considering a £130,000 mortgage? This essential guide is designed to illuminate and guide you through obtaining this mortgage amount. Perfect for first-time buyers, ...
    Read More →

    £300,000 Mortgage: Your Guide to Eligibility & Repayments

    Understanding the details of a £300,000 mortgage is more than just about numbers. It’s about assessing your eligibility, figuring out what you can comfortably afford, ...
    Read More →

    What is a Mortgage Affordability Test?

    Are you considering applying for a mortgage and wondering how much mortgage can I get? If so, it’s important to understand how lenders calculate affordability—what ...
    Read More →

    Discover How Much Can You Borrow for a Mortgage UK

    If you’re in need of a mortgage, you will understandably want to know how much you can borrow. In this guide, we will consider your ...
    Read More →

    What is the average mortgage in the UK?

    The Office for National Statistics (ONS) has indicated that the current average mortgage in the UK is now around £189,503 at the end of 2023, ...
    Read More →

    £400,000 Mortgage: Your Guide to Eligibility & Repayments

    If you’re looking to buy a house that requires a £400,000 mortgage, you will likely want to know what your monthly repayments might be. This ...
    Read More →

    Qualifying for a £250,000 Mortgage: What You Need to Know

    The average mortgage in the UK is around £200,000, so getting a mortgage for £250,000 is just above average and therefore very possible. Read on ...
    Read More →

    How Much Do I Need to Earn to Get a Mortgage: A Complete Guide

    Wondering “How much do I need to earn to get a mortgage?” You’re in the right place. In this guide, we will consider what you ...
    Read More →

    Getting A Joint Income Mortgage: Maximise Your Borrowing

    Securing a joint income mortgage allows for borrowing beyond individual income by pooling resources with partners or friends. If you want to move into a ...
    Read More →

    Repayments on a £150K Mortgage: Your Essential Guide

    Exploring Repayments on a £150K Mortgage? You’re in the right place! Understanding your monthly repayments on 150k mortgage is crucial when considering a £150,000 mortgage. ...
    Read More →

    Income Mortgage Multiples Explained

    A common question asked by our customers is this one: What size mortgage can I get with my income? Mortgage lenders will base the borrowing ...
    Read More →

    Understanding repayments on a mortgage for £180000

    Requesting a mortgage loan amount of £180,000 is not unusual given that the average mortgage in the UK stands at around £200,000. However, your most ...
    Read More →

    Securing a £350,000 Mortgage: Essential Guide to Approval and Monthly Repayments

    While the UK’s average mortgage hovers around £200,000, achieving a £350,000 mortgage is feasible with the right income and deposit. Read on to learn more ...
    Read More →

    Single Person Mortgage

    If you’re looking to take your first step on the property ladder as a single person, you might be considering your mortgage options. As you ...
    Read More →

    £500,000 Mortgage: Your Guide to Eligibility & Repayments

    Understanding monthly repayments for a £500,000 mortgage is crucial, as this amount significantly exceeds the UK’s average mortgage. This guide simplifies the complexities of securing ...
    Read More →

    What is the repayment on a 200k Mortgage?

    The average mortgage in the UK for 2024 is around £200,000 which is a significant rise of 24.2% since 2020. With this said it is ...
    Read More →

    Can I get a £600000 mortgage and what will the repayments be?

    If you’re seeking to purchase your dream home with a £600,000 mortgage, it is essential that you research and understand the associated monthly repayments. This ...
    Read More →

    £170,000 Mortgage Approval: Repayments & Lender Guide

    If you’re looking to buy a property worth £170,000, you will be keen to know if lenders would be willing to lend you enough money ...
    Read More →

    Mortgage Affordability: What Mortgage Can I Afford?

    Before you start the process of getting a mortgage, you will want know your mortgage affordability, in other words how much mortgage you can get. ...
    Read More →

    £700,000 Mortgage UK: Complete Eligibility and Repayment Guide

    Understanding the intricacies of managing a £700,000 mortgage in the UK is essential, particularly for above-average loan amounts. This guide aims to demystify the process ...
    Read More →

    How to Secure a Mortgage 5 Times Salary

    Obtaining a mortgage 5 times your salary, surpassing the typical 4.5 times income mortgage, is achievable under specific conditions. If you are about to search ...
    Read More →
    Scroll to Top
    This website uses cookies to improve your experience. If you continue we’ll assume you’re happy. See our privacy policy for more information.