What house can I afford on a £70,000 salary? What you could borrow, what it costs each month, and where it buys a home.

You could borrow£315k£280k–£385k depending on the lender

Home price, 10% deposit£350k£35k deposit

Monthly payment£1,7635.37% 2-year fix, 30 years

3-bed houses in reach62%of districts in England & Wales

On a £70,000 salary most lenders would lend around £315,000, four and a half times your income. A cautious lender, or one weighing up children and car finance, might stop nearer £280,000; a few go to £385,000 for higher earners.

With a 10% deposit of £35,000 that buys a home for about £350,000, at about £1,763 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 £2,175. As a first-time buyer in England the stamp duty would be £2,500.

That price buys a typical 3-bedroom house in 1,365 of 2,219 postcode districts, from 96% of districts in Wales to 0% in London.

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What £70,000 buys with different deposits

Deposit	Home price	Deposit	Rate	Monthly	Stamp duty, first home	Cash needed
5%	£332,000	£17,000	5.7%	£1,828	£1,600	£23,099
10%	£350,000	£35,000	5.37%	£1,763	£2,500	£41,999
15%	£371,000	£56,000	5.26%	£1,741	£3,550	£64,049
25%	£420,000	£105,000	5.13%	£1,716	£6,000	£115,499

Mortgage of £315,000 (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 £350k 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 Southamptontypical 3-bed £333k Norwichtypical 3-bed £297k Stoke-On-Trenttypical 3-bed £195k Newcastle Upon Tynetypical 3-bed £233k Cardifftypical 3-bed £303k

Just out of reach: Bristol (£386k), Milton Keynes (£367k), Bournemouth (£397k), Bedford (£366k).

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By region

Wales

96%

East Midlands

95%

North East

94%

Yorkshire and the Humber

94%

North West

90%

West Midlands

86%

South West

59%

East of England

44%

South East

19%

London

Share of postcode districts where a typical 3-bedroom house sold for £350,000 or less over the last five years, in today's money.

Questions

How much can I borrow on a £70,000 salary?

Most lenders lend about 4.5 times income, so around £315,000 on £70,000. Cautious lenders, or households with children or other loans, are nearer 4 times (£280,000); some lend up to 5.5 times (£385,000) to higher earners.

Can I get a £350,000 mortgage on £70,000?

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 £70,000?

With a 10% deposit, about £350,000: a £35,000 deposit plus a £315,000 mortgage. With 5% down it is about £332,000.

What would the monthly payments be?

About £1,763 a month on a £315,000 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 £2,175.

Where can I buy a house on £70,000?

A typical 3-bedroom house sells within £350,000 in 1365 of 2219 postcode districts in England and Wales (62%), most of all in Wales (96% 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.