How Much Can I Borrow on a £45,000 Salary?
On a £45,000 salary, UK mortgage lenders typically offer between £202,050 and £270,000. That is a £67,950 gap — often the stretch you need to move from a first flat to a first family home. The higher-multiple lenders are well worth exploring before you settle on a budget.
What Real Lenders Offer on a £45,000 Salary
We checked each lender's affordability calculator for a single employed applicant on a 25-year repayment term with no additional debts. Here are the top 15 recognisable lenders, sorted from highest to lowest.
| Lender | Max Borrowing |
|---|---|
| Cumberland BS | £270,000 |
| Darlington BS | £270,000 |
| Skipton BS | £247,500 |
| Nottingham BS | £247,500 |
| Accord Mortgages | £247,500 |
| Aldermore | £225,000 |
| NatWest | £225,000 |
| Santander | £225,000 |
| HSBC | £225,000 |
| Halifax | £225,000 |
| Bath BS | £225,000 |
| Barclays | £225,000 |
| Coventry BS | £202,050 |
| TSB | £202,050 |
| Nationwide | £202,050 |
Based on each lender's affordability calculator, April 2026. Single employed applicant, 25-year repayment term, no additional debts. Figures are for illustration only — your actual offer depends on your full circumstances.
What If You Have Overtime or Bonuses?
At £45k, even a modest amount of overtime or commission can move you into a higher borrowing bracket. If you earn a £5,000 annual bonus and a lender accepts 50% of it, they assess your income at £47,500 — adding £11,000 to £17,000 to your maximum. Regular shift overtime is often treated more generously than discretionary bonuses, with some lenders counting 100%. It pays to compare lenders specifically on how they treat your income mix.
What Could You Buy?
A larger deposit can unlock higher income multiples at some lenders. At a 15% or 25% deposit, several of the lenders in the table above would offer towards the top of the range. Use our calculator to check your exact figure with your specific deposit.
A £45k salary with the right lender and a decent deposit puts solid three-bedroom homes within reach across the Midlands, the North and much of Wales and Scotland. In London and the South East you are generally looking at one- and two-bedroom flats unless you buy with a partner or use a shared-ownership scheme.
What Reduces Your Borrowing?
Monthly financial commitments reduce the amount lenders will offer:
- Credit cards — a combined credit limit of £10,000 counts as roughly £300/month in the affordability model, reducing your mortgage by £14,000 to £20,000.
- Car finance — a £300/month payment could reduce your maximum mortgage by £15,000 to £22,000, which bites harder at this income level.
- Student loans — Plan 2 repayments on £45k are around £148/month. Some lenders treat this more favourably than others.
Buying with a Partner
Two applicants on £45k each gives a combined income of £90,000, potentially unlocking borrowing of £405,000 to £540,000. That covers a family home almost anywhere outside the capital and opens up the commuter belt. Spreading the income across two earners also makes it easier to qualify for higher multiples and low-deposit deals than a single applicant would manage.
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