How much can I borrow on £26,000?
Earning £26,000? Most lenders will offer around £117,000, which costs £650 a month at 4.5% over 25 years.
- Borrow at 4.5x income
- £117,000
- Monthly payment (4.5%, 25y)
- £650
- Share of take-home pay
- 35%
- Home price with 10% deposit
- £130,000
- HMRC 2026/27 rates
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On a £26,000 salary you can typically borrow £104,000 to £117,000. A £117,000 mortgage at 4.5% over 25 years costs £650 a month, 35% of your take-home pay.
What £26,000 could borrow at each income multiple
The home it could buy
| Deposit | Home price | Deposit needed | Stamp duty (first-time buyer) |
|---|---|---|---|
| 5% | £123,000 | £6,000 | £0 |
| 10% | £130,000 | £13,000 | £0 |
| 15% | £138,000 | £21,000 | £0 |
| 25% | £156,000 | £39,000 | £0 |
Buying with someone else
| Household income | Borrow at 4.5x | A month at 4.5% |
|---|---|---|
| £26,000 | £117,000 | £650 |
| £46,000 | £207,000 | £1,151 |
| £52,000 | £234,000 | £1,301 |
Joint applications add both incomes together. Lenders then take off regular commitments like car finance, credit cards and childcare, so large debts cut what you can borrow.
Keep going
- Monthly payments on a £120,000 mortgage at every rate.
- Your take-home on £26,000 after tax.
- The full picture in how much can I borrow for a mortgage?
Questions people ask
How much can I borrow on £26,000?
Usually £104,000 to £117,000, at 4 to 4.5 times your income. Some lenders offer up to 5.5 times (£143,000) to higher earners or certain professions, and every lender checks your outgoings and credit history first.
What house can I buy on £26,000?
With a 10% deposit and a £117,000 mortgage, about £130,000. With a 15% deposit, about £137,647.
Is a £117,000 mortgage affordable on £26,000?
At 4.5% the payment is £650 a month, 35% of your £1,853 monthly take-home pay. Lenders also stress test at higher rates to check you could still pay if rates rise.