On an £18,000 salary, borrowing potential is likely to be limited. Using typical income multiples between four and 4.5 times income, this could suggest borrowing around £72,000 to £81,000, subject to affordability checks.
Lenders will assess regular spending, existing credit commitments and apply stress testing against potential future rate rises. A larger deposit can improve product access but does not automatically increase borrowing capacity.
In many areas, this income level may make joint applications or additional deposit support necessary. An Agreement in Principle provides a clearer view of what may be achievable before starting property searches.
Your home may be repossessed if you do not keep up repayments on your mortgage.