What house can I afford on a £60,000 salary? What you could borrow, what it costs each month, and where it buys a home.

You could borrow£270k£240k–£330k depending on the lender

Home price, 10% deposit£300k£30k deposit

Monthly payment£1,5115.37% 2-year fix, 30 years

3-bed houses in reach48%of districts in England & Wales

On a £60,000 salary most lenders would lend around £270,000, four and a half times your income. A cautious lender, or one weighing up children and car finance, might stop nearer £240,000; a few go to £330,000 for higher earners.

With a 10% deposit of £30,000 that buys a home for about £300,000, at about £1,511 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 £1,864. 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 1,071 of 2,219 postcode districts, from 89% of districts in North East to 0% in London.

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What £60,000 buys with different deposits

Deposit	Home price	Deposit	Rate	Monthly	Stamp duty, first home	Cash needed
5%	£284,000	£14,000	5.7%	£1,567	£0	£18,499
10%	£300,000	£30,000	5.37%	£1,511	£0	£34,499
15%	£318,000	£48,000	5.26%	£1,493	£900	£53,399
25%	£360,000	£90,000	5.13%	£1,471	£3,000	£97,499

Mortgage of £270,000 (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 £300k buys a 3-bedroom house

Manchestertypical 3-bed £280k Birminghamtypical 3-bed £256k Nottinghamtypical 3-bed £247k Leedstypical 3-bed £277k Liverpooltypical 3-bed £226k Sheffieldtypical 3-bed £244k Leicestertypical 3-bed £274k Norwichtypical 3-bed £297k Stoke-On-Trenttypical 3-bed £195k Newcastle Upon Tynetypical 3-bed £233k Derbytypical 3-bed £243k Doncastertypical 3-bed £178k

Just out of reach: Southampton (£333k), Cardiff (£303k), York (£329k), Stockport (£342k).

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By region

North East

89%

Wales

88%

Yorkshire and the Humber

83%

East Midlands

82%

North West

80%

West Midlands

71%

South West

30%

East of England

23%

South East

London

Share of postcode districts where a typical 3-bedroom house sold for £300,000 or less over the last five years, in today's money.

Questions

How much can I borrow on a £60,000 salary?

Most lenders lend about 4.5 times income, so around £270,000 on £60,000. Cautious lenders, or households with children or other loans, are nearer 4 times (£240,000); some lend up to 5.5 times (£330,000) to higher earners.

Can I get a £300,000 mortgage on £60,000?

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 £60,000?

With a 10% deposit, about £300,000: a £30,000 deposit plus a £270,000 mortgage. With 5% down it is about £284,000.

What would the monthly payments be?

About £1,511 a month on a £270,000 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 £1,864.

Where can I buy a house on £60,000?

A typical 3-bedroom house sells within £300,000 in 1071 of 2219 postcode districts in England and Wales (48%), most of all in North East (89% of districts), including Manchester, Birmingham, Nottingham, Leeds.

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.