To borrow £300,000 in 2026, lenders typically look for household income of around £67,000 to £75,000, based on standard income multiples. However, each lender applies detailed affordability checks beyond simple salary calculations.
Existing debts, monthly spending and stress testing against higher interest rates all influence borrowing capacity. A strong credit history improves product access. A larger deposit may provide better interest rates but does not always increase the amount you can borrow.
Joint applicants can combine incomes, which often makes this borrowing level achievable. A full affordability assessment provides more accurate guidance than relying purely on income multiples.
Your home/property may be repossessed if you do not keep up repayments on your mortgage.
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