How much can I borrow for a mortgage with a £46,000 salary?

With an annual income of £46,000, you can typically borrow up to £207,000, based on a standard 4.5x income multiplier. This amount may vary depending on your deposit and other debts.

What income multiple do mortgage lenders use in 2026?

Most UK lenders in 2026 use a 4.5x income multiplier. However, for higher earners (over £75k) or professionals, some lenders may offer up to 5.5x salary.

Updated for 2026

Mortgage on a £46,000 Salary

Calculate your maximum borrowing power, monthly repayments, and check affordability for 2026 lending criteria.

If you earn £46,000 per year, you could borrow up to approximately £207,000 for a mortgage. This is based on a standard 4.5x income multiplier and assumes a good credit history.

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🏠 Your Details

Joint Application

Buying with a partner?

SoleJoint

Your Annual Income

Bonus / OvertimeYearly

Deposit Available

Interest Rate estimate (%)BoE Base Rate: 3.75%

BoE Base Rate: 3.75%

Monthly Commitments (Loans, Cards, Childcare)

Do not include rent or utility bills, as these will stop when you buy.

Your Report

Detailed breakdown & suggestions

Triple-Lock Logic: Borrowing limited by DTI check

You Could Borrow Up To

£207,000

Max Property Price: £227,000

Est. Monthly Repayment@ 4.8% Interest

£1,186/mo

Stress Test (+2% Rate)

Use of Funds Breakdown

Income Cap (4.5x)£207,000
Affordability (45% Rule)£241,988
DTI Limit£207,000

Loan to Value (LTV)

91.2%

Healthy LTV. Good range of lenders available.

Regulatory Notice: This tool is for illustrative purposes only and does not constitute financial advice or a mortgage offer. Figures are estimates based on standard 2026 lending criteria and do not account for individual circumstances, credit history, existing debts, or specific lender affordability stress tests. Actual rates and availability depend on your specific situation. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. We are not a lender or broker. For personalized advice, please consult an FCA-authorized mortgage adviser.

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Where could you live?

52 Cities Unlocked

With a budget of £227,000, you could afford the average home in:

South East

Southampton

Avg. Price: £226,489

East Midlands

Leicester

Avg. Price: £226,485

West Midlands

Birmingham

Avg. Price: £223,452

Also affordable:Plymouth, Perth, Amber Valley, Ipswich, Stirling, Coventry, Wales (Avg)

Can I get a mortgage on £46,000?

Yes, a salary of £46,000 is widely accepted by UK lenders. Your borrowing capacity is determined primarily by your income multiple (usually 4.5x your gross salary).

Key Factors Affecting Your Mortgage on £46,000

Deposit Size: A larger deposit (e.g. 10-15%) unlocks lower interest rates.
Existing Debts: Loans and credit cards reduce your monthly affordability.
Credit Score: A clean credit history is essential for the best deals.

Use our calculator above to adjust your deposit and see exactly what property price you can afford.

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