How much can I borrow for a mortgage in the UK?

Most UK lenders offer 4–4.5 times your annual income, though some stretch to 5–5.5× for higher earners. A household earning £60,000 could typically borrow £240,000–£270,000. Use our affordability calculator for a personalised estimate.

How much stamp duty will I pay?

Stamp duty in England and Northern Ireland starts at 0% on the first £250,000 (£425,000 for first-time buyers). Rates then rise in bands from 5% to 12%. Scotland and Wales have their own systems (LBTT and LTT respectively).

Should I get a fixed or variable rate mortgage?

Fixed rates provide payment certainty for 2–5 years, which suits most borrowers. Variable/tracker rates can be cheaper initially but expose you to rate rises. Choose based on your appetite for risk and how long you plan to stay.

What deposit do I need to buy a house in the UK?

The minimum is typically 5% of the purchase price, though 10–15% unlocks significantly better interest rates. A 20% deposit avoids higher lending charges entirely. Government schemes can help first-time buyers with smaller deposits.

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Mortgages & Property – Calculators, Guides & Housing Data (UK)

Mortgages & Property – Calculators, Guides & Housing Data (UK)

Updated March 2026

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