How much can I borrow on £98,000?
Earning £98,000? Most lenders will offer around £441,000, which costs £2,451 a month at 4.5% over 25 years.
- Borrow at 4.5x income
- £441,000
- Monthly payment (4.5%, 25y)
- £2,451
- Share of take-home pay
- 44%
- Home price with 10% deposit
- £490,000
- HMRC 2026/27 rates
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On a £98,000 salary you can typically borrow £392,000 to £441,000. A £441,000 mortgage at 4.5% over 25 years costs £2,451 a month, 44% of your take-home pay.
What £98,000 could borrow at each income multiple
The home it could buy
| Deposit | Home price | Deposit needed | Stamp duty (first-time buyer) |
|---|---|---|---|
| 5% | £464,000 | £23,000 | £8,200 |
| 10% | £490,000 | £49,000 | £9,500 |
| 15% | £519,000 | £78,000 | £15,950 |
| 25% | £588,000 | £147,000 | £19,400 |
Buying with someone else
| Household income | Borrow at 4.5x | A month at 4.5% |
|---|---|---|
| £98,000 | £441,000 | £2,451 |
| £118,000 | £531,000 | £2,951 |
| £196,000 | £882,000 | £4,902 |
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 £440,000 mortgage at every rate.
- Your take-home on £98,000 after tax.
- The full picture in how much can I borrow for a mortgage?
Questions people ask
How much can I borrow on £98,000?
Usually £392,000 to £441,000, at 4 to 4.5 times your income. Some lenders offer up to 5.5 times (£539,000) to higher earners or certain professions, and every lender checks your outgoings and credit history first.
What house can I buy on £98,000?
With a 10% deposit and a £441,000 mortgage, about £490,000. With a 15% deposit, about £518,824.
Is a £441,000 mortgage affordable on £98,000?
At 4.5% the payment is £2,451 a month, 44% of your £5,616 monthly take-home pay. Lenders also stress test at higher rates to check you could still pay if rates rise.