What Salary Do I Need for a £150,000 Mortgage?
You typically need a salary of £30,000 to £33,500 for a £150,000 mortgage. Best-case is around £30,000 at Bath BS and Darlington BS (5.0×). Cumberland BS also lends 6× at any income with a deposit of at least 20%, which would mean £25,000. Standard affordability-led lenders (~4.49×) need £33,500. All figures are subject to lender criteria, affordability and credit assessment. Last reviewed 12 October 2026.
Salary Needed for a £150,000 Mortgage in the UK, by Lender
Single employed applicant, 25-year repayment term, no additional debts, deposit of 10% or more. With 5%, Barclays and NatWest lend 4× on incomes up to £50,000, so they need £37,500.
| Lender | Multiple | Min Salary |
|---|---|---|
| Bath BS | 5.0× (6.0× over £50,000) | £30,000 |
| Darlington BS | 5.0× | £30,000 |
| Accord Mortgages | 4.49× (5.5× from £65,000) | £33,500 |
| Aldermore | 4.49× (6.0× from £60,000) | £33,500 |
| Barclays | 4.49× (6.0× from £75,000) | £33,500 |
| Coventry BS (no published multiple) | 4.49× | £33,500 |
| Cumberland BS | 4.49× (6.0× from £40,000) | £33,500 |
| Halifax | 4.49× (5.5× over £75,000) | £33,500 |
| HSBC | 4.49× (5.5× from £100,000) | £33,500 |
| HSBC Premier | 4.49× (6.5× from £100,000) | £33,500 |
| Leeds BS (Income Plus) | 4.49× (6.0× from £75,000) | £33,500 |
| Lloyds Bank | 4.49× (5.5× over £75,000) | £33,500 |
| Nationwide | 4.49× (6.0× from £75,000) | £33,500 |
| Nottingham BS | 4.49× (5.5× from £50,000) | £33,500 |
| Pepper Money (no published multiple) | 4.49× | £33,500 |
| Principality BS | 4.49× | £33,500 |
| Skipton BS | 4.49× (5.5× from £40,000) | £33,500 |
| TSB | 4.49× (5.5× over £75,000) | £33,500 |
| Virgin Money | 4.49× (5.5× from £75,000) | £33,500 |
| Metro Bank | 4.45× (5.5× from £100,000) | £33,800 |
| NatWest | 4.45× (6.0× from £100,000) | £33,800 |
| Santander | 4.45× (5.5× from £100,000) | £33,800 |
Published income multiples, October 2026. Higher-multiple products subject to qualifying criteria. Coventry BS and Pepper Money set the maximum by affordability rather than a published multiple, so 4.49× is shown for illustration. HSBC Premier's row uses the income route to Premier (£100,000 or more); customers who hold Premier through £100,000 of savings or investments with HSBC UK get 6.5× at any income, up to 90% LTV.
First-time buyers have extra routes not shown in this table: Nationwide's Helping Hand goes up to 6× on fixes of five years or more, with no published minimum income, and Coventry BS up to 6.5× from £30,000 (sole) or £50,000 (joint), not for self-employed applicants. Principality BS goes to 5.5× from £30,000 household income on 2, 3 and 5-year fixes (loans of £150,000 or more, not self-employed), Accord to 5.5× at any income, and Halifax and Lloyds Bank to 5.5× from £40,000, for first-time buyers. All subject to affordability.
£150,000 Mortgage: Monthly Cost, Income and Deposit
As an illustration, a £150,000 repayment mortgage at 5% over 25 years costs £877 a month (not a quote or an available rate). You typically need a salary of £30,000 to £33,500 depending on the lender, and a deposit starting at £7,900 (5%), rising to £16,700 at 10% deposit.
The salary needed for £150k can come from a single modest income or two smaller incomes combined, and most properties at this level fall well under the first-time-buyer stamp duty threshold, so many buyers pay no SDLT at all. All figures are subject to lender criteria, affordability and credit assessment.
How to Qualify for £150k on a Lower Salary
- Declare overtime, bonuses and commission — lenders take 50%–100%. £27k base + £4k regular overtime meets the 5× threshold.
- Add a second applicant. £18k + £15k combined hits the 5× multiple with no individual high-earner required.
- Extend the term to 30 or 35 years. Younger applicants often qualify for longer terms, reducing the stressed monthly payment, but you pay more interest overall.
- Clear small credit card balances. Lenders often assume 3% of the balance as a monthly payment, so £1,500 of balances (£45 a month) can cost about £2,250–£2,925 of borrowing, or £5,400–£7,200 where the affordability check is the limit.
- 95% LTV products are available at Nationwide and Halifax for buyers with a £7,900 deposit.
How Much Is a £150,000 Mortgage a Month? Repayments by Rate and Term
| Rate | 25 Years | 30 Years | 35 Years |
|---|---|---|---|
| 4.0% | £792 | £716 | £664 |
| 4.5% | £834 | £760 | £710 |
| 5.0% | £877 | £805 | £757 |
| 5.5% | £921 | £852 | £806 |
| 6.0% | £966 | £899 | £855 |
Illustrative only — not a quote or an available rate. Repayment (capital and interest) basis, excluding fees; your rate depends on the lender, your loan-to-value and your circumstances.
Deposit Needed for a £150,000 Mortgage
| Deposit % | Deposit £ | Property Price |
|---|---|---|
| 5% | £7,895 | £157,895 |
| 10% | £16,667 | £166,667 |
| 15% | £26,471 | £176,471 |
| 20% | £37,500 | £187,500 |
| 25% | £50,000 | £200,000 |
Self-Employed or Limited Company Director?
Work out the income figure lenders are likely to use with our free self-employed income calculator — salary + dividends, net profit and retained-profit bases compared side by side.
- Sole trader — net profit from your SA302. Most lenders average 2 years; some use latest year if higher.
- Limited company director (usually 25%+ shareholding, depending on the lender): most lenders use salary plus dividends. A few will consider your share of company net profit instead, typically only for majority shareholders: Kensington from over 50% shareholding, and Halifax by underwriter referral where you are the majority shareholder with 2 years' accounts and an accountant's confirmation.
- Contractor on a day rate — day rate × 5 × 46 weeks. £150/day = £34,500 assessed income, above the salary needed for £150k.
What Could Stop You Hitting £150,000?
- Dependent children — where the lender's affordability check, rather than the income multiple, is what limits you, each child adds a modelled living cost of anything from under £100 to about £350 a month, depending on the lender, usually on top of any childcare you pay. That can take roughly £7,000 to £56,000 off the maximum loan per child, less at lenders that count child benefit as income. Where the income multiple caps you first, a child may make little or no difference.
- Credit card balances — lenders often assume 3% of the balance as a monthly payment, so £2,000 of balances (£60 a month) can cost about £3,000–£3,900 of borrowing, or £7,200–£9,600 where the affordability check is the limit.
- Car finance — a £200 a month PCP can cost about £10,000–£13,000 of borrowing, or £24,000–£32,000 where the affordability check is the limit.
- Student loans — Plan 2 starts at £29,385; Plan 1 at £26,900 (2026/27).
- Existing unsecured debt — personal loan monthly payments are deducted pound-for-pound.
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Check What I Could BorrowFrequently Asked Questions
What salary do I need for a £150,000 mortgage in the UK?
Lenders' published income multiples suggest a single income of £30,000 to £33,500 could support a £150,000 mortgage, using an affordability-led multiple of around 4.49× to 5×. The lowest salary that reaches £150k is about £30,000, at Bath BS and Darlington BS (5.0×). Among the lenders in this table, the 6× and 6.5× multiples need a higher income, a bigger deposit or a particular account: 6× at Cumberland BS from £40,000 above 80% LTV (any income at 80% LTV or below), and 6.5× at HSBC Premier (Premier account holders, any income). All lending is subject to affordability and credit assessment.
Can I get a £150k mortgage on £25,000?
£150k on £25,000 is a 6× income multiple. Most lenders' enhanced multiples need a higher income: Coventry BS's first-time-buyer 6.5× starts at £30,000 (sole, not self-employed); Cumberland BS above 80% LTV at £40,000; Bath BS over £50,000; Aldermore £60,000; Barclays and Leeds BS £75,000. A few routes allow 6× on £25,000. Cumberland BS lends up to 6× at any income with a deposit of at least 20% (80% LTV or less). Nationwide's Helping Hand gives first-time buyers up to 6× on fixes of five years or more, with no published minimum income. HSBC Premier account holders can get 6.5× at any income up to 90% LTV. Darlington BS's Specialist Residential range goes up to 6× with no minimum income, up to 90% LTV. On £25,000, affordability rather than the multiple is often the limit, so most mainstream lenders point to £112,000–£125,000, and the most the lenders in our table offer on the multiple alone is about £125,000. All subject to lender criteria, affordability and credit assessment.
What is the monthly payment on a £150,000 mortgage?
As an illustration, £150,000 at 5% over 25 years costs £877 per month (repayment). At 4.5% it's £834, at 5.5% it's £921. Extending to a 30-year term at 5% drops the payment to £805, though you pay more interest overall. These are illustrative figures, not quotes or available rates, and exclude fees.
How much deposit do I need for a £150,000 mortgage?
5% deposit on a £150k mortgage means buying a £157,900 property with £7,900 down. 10% is £16,700 on £166,700. First-time buyer stamp duty is £0 up to £300,000 and 5% on the portion from £300,001 to £500,000. At £150k mortgage purchase levels (most properties under £200k), FTBs pay no stamp duty at all. Lower deposits typically mean higher rates.
What salary do joint applicants need for £150k?
Combined household income of £30,000 to £33,500 could be enough for £150k, depending on the lender. Two people on £15k–£17k each could reach that figure, subject to lender criteria, affordability and credit assessment.
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