What You Need to Earn to Buy in M15

The median home in M15 sold for £284,077. To buy at that price you'd typically need a household income of about £53,500 — based on a 15% deposit and a 4.5× income multiple. Prices are not enough recent sales to show a trend.

Deposit needed to buy in M15

Deposit %	Deposit £	Mortgage needed
5%	£14,204	£269,873
10%	£28,408	£255,669
15%	£42,612	£241,465
25%	£71,019	£213,058

A typical mortgage on the £284,077 median (85% LTV, 4.5% over 25 years) costs around £1,342/month. Based on 918 Land Registry sales.

Common questions about buying in M15

What salary do you need to buy a house in M15?

The median home in M15 sold for £284,077. With a 15% deposit and a typical 4.5× income multiple, you'd need a household income of about £53,500 to buy at that price. Higher-multiple lenders can reduce the income required — check your own figure with the affordability calculator.

How much is a typical mortgage payment in M15?

Borrowing £241,465 (85% of the £284,077 median) at 4.5% over 25 years works out at roughly £1,342 a month on a repayment basis.

How much deposit do you need to buy in M15?

On the £284,077 median price, a 5% deposit is £14,204 and a 10% deposit is £28,408. A larger deposit usually unlocks lower rates.

Are house prices in M15 rising or falling?

Based on the latest Land Registry sold prices, prices in M15 are not enough recent sales to show a trend, across 918 recorded sales.

Can you afford to buy in M15?

Check exactly how much 60+ UK lenders would lend you — with your income. No credit search.

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