What house can I afford on a £30,000 salary? What you could borrow, what it costs each month, and where it buys a home.

You could borrow£135k£120k–£165k depending on the lender

Home price, 10% deposit£150k£15k deposit

Monthly payment£7565.37% 2-year fix, 30 years

3-bed houses in reach4%of districts in England & Wales

On a £30,000 salary most lenders would lend around £135,000, four and a half times your income. A cautious lender, or one weighing up children and car finance, might stop nearer £120,000; a few go to £165,000 for higher earners.

With a 10% deposit of £15,000 that buys a home for about £150,000, at about £756 a month at today's average 2-year fixed rate of 5.37%. If rates were two points higher when you remortgage, it would be about £932. As a first-time buyer in England you would pay no stamp duty at this price.

That price buys a typical 3-bedroom house in 89 of 2,219 postcode districts, from 29% of districts in North East to 0% in West Midlands.

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What £30,000 buys with different deposits

Deposit	Home price	Deposit	Rate	Monthly	Stamp duty, first home	Cash needed
5%	£142,000	£7,000	5.7%	£784	£0	£11,499
10%	£150,000	£15,000	5.37%	£756	£0	£19,499
15%	£159,000	£24,000	5.26%	£746	£0	£28,499
25%	£180,000	£45,000	5.13%	£735	£0	£49,499

Mortgage of £135,000 (4.5 × income) over 30 years at the Bank of England's average 2-year fixed rate for that loan-to-value (Sep 2026). Stamp duty for a first-time buyer in England (April 2025 (England) and October 2022 (Wales)); cash needed adds the deposit, stamp duty and typical fees (solicitor, survey, mortgage fee, removals).

Where £150k buys a 3-bedroom house

Blackpooltypical 3-bed £149k Hartlepooltypical 3-bed £145k Accringtontypical 3-bed £144k Bishop Aucklandtypical 3-bed £141k Houghton Le Springtypical 3-bed £140k Nelsontypical 3-bed £138k Consetttypical 3-bed £147k Stanleytypical 3-bed £119k Peterleetypical 3-bed £96k Billinghamtypical 3-bed £146k Workingtontypical 3-bed £149k Seahamtypical 3-bed £133k

Just out of reach: Hull (£172k), Middlesbrough (£157k), Stockton-On-Tees (£169k), Grimsby (£152k).

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By region

North East

29%

Yorkshire and the Humber

10%

North West

Wales

East Midlands

East of England

London

South East

South West

West Midlands

Share of postcode districts where a typical 3-bedroom house sold for £150,000 or less over the last five years, in today's money.

Questions

How much can I borrow on a £30,000 salary?

Most lenders lend about 4.5 times income, so around £135,000 on £30,000. Cautious lenders, or households with children or other loans, are nearer 4 times (£120,000); some lend up to 5.5 times (£165,000) to higher earners.

Can I get a £150,000 mortgage on £30,000?

Possibly: it is 5.0 times income, which some lenders offer, mostly to higher earners and some professions, if your outgoings are low.

What house price can I afford on £30,000?

With a 10% deposit, about £150,000: a £15,000 deposit plus a £135,000 mortgage. With 5% down it is about £142,000.

What would the monthly payments be?

About £756 a month on a £135,000 mortgage over 30 years at 5.37%, the Bank of England's average 2-year fixed rate at 90% loan-to-value (Sep 2026). If rates rose 2 points it would be about £932.

Where can I buy a house on £30,000?

A typical 3-bedroom house sells within £150,000 in 89 of 2219 postcode districts in England and Wales (4%), most of all in North East (29% of districts), including Blackpool, Hartlepool, Accrington, Bishop Auckland.

A guide, not mortgage advice: lenders decide on your full circumstances, credit history and outgoings. Rates: Bank of England quoted household interest rates (Sep 2026). Prices: HM Land Registry sales in the last five years matched to the EPC register, in today's money.