How much can I borrow on £70,000?
Earning £70,000? Most lenders will offer around £315,000, which costs £1,751 a month at 4.5% over 25 years.
- Borrow at 4.5x income
- £315,000
- Monthly payment (4.5%, 25y)
- £1,751
- Share of take-home pay
- 41%
- Home price with 10% deposit
- £350,000
- HMRC 2026/27 rates
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On a £70,000 salary you can typically borrow £280,000 to £315,000. A £315,000 mortgage at 4.5% over 25 years costs £1,751 a month, 41% of your take-home pay.
What £70,000 could borrow at each income multiple
The home it could buy
| Deposit | Home price | Deposit needed | Stamp duty (first-time buyer) |
|---|---|---|---|
| 5% | £332,000 | £17,000 | £1,600 |
| 10% | £350,000 | £35,000 | £2,500 |
| 15% | £371,000 | £56,000 | £3,550 |
| 25% | £420,000 | £105,000 | £6,000 |
Buying with someone else
| Household income | Borrow at 4.5x | A month at 4.5% |
|---|---|---|
| £70,000 | £315,000 | £1,751 |
| £90,000 | £405,000 | £2,251 |
| £140,000 | £630,000 | £3,502 |
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 £310,000 mortgage at every rate.
- Your take-home on £70,000 after tax.
- The full picture in how much can I borrow for a mortgage?
Questions people ask
How much can I borrow on £70,000?
Usually £280,000 to £315,000, at 4 to 4.5 times your income. Some lenders offer up to 5.5 times (£385,000) to higher earners or certain professions, and every lender checks your outgoings and credit history first.
What house can I buy on £70,000?
With a 10% deposit and a £315,000 mortgage, about £350,000. With a 15% deposit, about £370,588.
Is a £315,000 mortgage affordable on £70,000?
At 4.5% the payment is £1,751 a month, 41% of your £4,263 monthly take-home pay. Lenders also stress test at higher rates to check you could still pay if rates rise.