Your income is often the biggest factor affecting how much you can borrow.
A minimum 5% deposit is all lenders usually need. After that, up to a certain amount, your deposit won’t affect how much you can borrow, however, it will open up cheaper interest rates.
- Higher-income generally means you will have a higher amount available to borrow.
- A bigger deposit generally means you can get better interest rates.
To get an idea of the kind of income you might need for the mortgage you want, try upping the income figure in the calculator.