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Understanding the mortgage you can afford on a £30k salary is crucial for planning your financial future. Ascot Mortgages, with our experienced mortgage advisers in the UK, is here to guide you through this process, ensuring you make informed decisions tailored to your financial situation. For a £30k salary, the multiplier might be anywhere from 4 to 5.5 times your income, meaning you could potentially borrow between £120k to £165k.

What Our Clients Say About Us

5.0 Based on 145 reviews from review us onElliot E. ★★★★★ Phil Greenwood was fantastic in assisting us in getting our BTL mortgage when several other mortgage brokers were not able to, given our particular circumstances and self employed status. From starting with an initial call right through to the finish, communication was excellent and we're absolutely thrilled. Thank you, Ascot Mortgages for such a professional service.vanessa G. ★★★★★ We had great experience with Natalia. She provided prompt and excellent service throughout our house purchase process.We highly recommend Natalia for mortgage adviseFlora R. ★★★★★ I worked with Richard (Protection Adviser) for a couple of days to sort out life and critical illness insurance. Absolutely brilliant, he found me and my husband the perfect policy. Very knowledgeable and easy to get on, he definetely makes things easy to understand. Thank you for the great service provided.Debbie P. ★★★★★ Cannot speak highly enough of Ascot Mortgages who have helped me on my journey over the last seven years. They have made the dream property possible twice. Thank you to Alison, Jardelle and all the team. I am very grateful.Areti D. ★★★★★ Absolutely thrilled with the exceptional service provided by Ascot Mortgages Ltd and especially by Natalia Barry! Even though our home purchase hasn't been completed yet, we couldn't wait to share our positive experience. From the moment we reached out, their professionalism and expertise shone through, making the daunting process of securing a mortgage a breeze.Not only did Natalia navigate the intricacies of the mortgage market with finesse, but they went above and beyond by suggesting other high-quality services, including solicitors and insurance providers. This comprehensive approach is making the entire home-buying journey seamless and stress-free.Natalia took the time to understand our unique needs and financial situation, ensuring that the options presented were tailored perfectly.Communication is prompt and clear throughout, leaving us feeling informed and confident at every stage. Natalia had our best interests at heart, going the extra mile to secure a fantastic mortgage deal.We cannot recommend Ascot Mortgages and Natalia highly enough. If you're in need of mortgage assistance, look no further. With their expertise and dedication to client satisfaction, you're in the best hands possible. A huge thank you to Natalia for making our home-buying experience a dream come true!Ashley Cox 1. ★★★★★ Would 100% recommend. Myself and my partner are currently going through the mortgage process as first time buyers. Natalia Barry has dealt with our application from day one. She has always been on hand to help, informative throughout and reliable when we have had questions. She has given us several options and broken them down into simple terms to help us. Natalia has truly been exceptional who deserves every bit of credit. We certainly got lucky having her as our first mortgage consultant.Dominik S. ★★★★★ Alison and the Ascot Team are excellent. I have used them for 5 years now and they deliver the most competitive mortgage deals fast. Just what I need. Thank you!Eric T. ★★★★★ We have dealt with Ascot Mortgages twice. Once for a mortgage about eleven years ago and recently for life insurance.In both cases we were treated with the utmost respect and professionalism.In the case of the life insurance application, we considered ourselves to be problem customers because of our age and numerous health issues.Richard Johnson, who managed this application couldn't have been more helpful.He worked in our best interest and was dedicated to providing an excellent service.We were kept up to date through all of the stages of the application and when our doctors were very slow in producing medical reports for the insurance company he persisted where others might have given up.The service we had from Richard was pleasant and professional throughout some difficult stages.My wife and I have no hesitation in recommending Ascot Mortgages.Zack R. ★★★★★ Having dealt with Ascot Mortgages and Alison for many years now I can say that you wont find a more professional, knowledgeable and efficient company to help with your mortgage. Alison is patient and makes the whole process seem easy. She has the answer to any question you have and seems to genuinely care. I can not recommend enough. I am sure I will be using Ascot Mortgages for years to come.Umair Z. ★★★★★ It has been a fantastic experience to work with both Phil and Jardelle at Ascot Mortgages to secure a mortgage product for my first home. Phil made the mortgage process smooth and easy. They are professionals and know what they are doing. Very pleased with the service and communication. would highly recommend them.Hello at NLP West M. ★★★★★ I needed a buy to let re-mortgage. Ascot were efficient from start to finish. I can recommend them completely especially because they can search the whole spectrum of mortgage lenders and meet the clients needs. never waiting for staff to get back and always kept me in the loop.Onohomen O. ★★★★★ ZHOU J. ★★★★★ It has been a brilliant experience to work with both Phil and Jardelle at Ascot Mortgages to secure a great mortgage product for our next home. Given how challenging the current market is, they have done a fantastic job to meet our needs with their expertise, professionalism and effectiveness. We would highly recommend their services to whom seeks help with their property purchase.Nicholas S. ★★★★★ Fantastic service. Ellie and Jardelle were always quick to reply to any queries and very helpful throughout the process. Highly recommend!Stacey S. ★★★★★ Jason was brilliant to work with! Always on top of the transaction! Would highly recommend 👍Scott ★★★★★ Although I've not bought anything yet, they (Jason in particular) have been super helpful in my search for the right mortgage deal, whilst also giving an honest opinion during these difficult times. Would highly recommend.Sandra I. ★★★★★ Fantastic from start to finish! Natalia and Jason found me the best rate for my remortgage and they were extremely efficient! Best service I’ve ever received from a brokerage company. Thanks so much.Virmantas N. ★★★★★ Amazing service and great communication. Ellie Morgan had quickly completed all requests and over delivered all expectations.Highly recommended for those who want to get the stuff done without any delays!David W. ★★★★★ I have used ascot for 3 renewals since they done helped me with my purchase which was complicated and will continue to use them going forward. Very fair prices and very helpful and knowledgeable even with just general information.Adam B. ★★★★★ Natalia made life very easy for us when remortgaging. Third time using ascot always a breezeTaff G. ★★★★★ Ascot Mortgages have been brilliant. Easy to work with and incredibly helpful. I am always happy to recommend them. Natalia and Jason have made the whole process much easier than I was expecting. Excellent service.Daryl L. ★★★★★ We've had a fantastic experience with Natalia Barry and Jason Jones at Ascot Mortgages for our property purchases and refinancing. Their expertise, coupled with genuine care and understanding of our needs, made the process smooth and stress-free.They were consistently communicative, keeping us informed at every step. Their assistance in consolidating our protection cover was invaluable, simplifying what could have been a complex process.What set them apart was their personal touch – always polite and ready to pick up the phone for a chat. This level of personal engagement is rare and much appreciated.In short, Natalia and Jason are not just skilled professionals but also truly dedicated to their clients. We highly recommend their services to anyone in need of mortgage advice.Sarah A. ★★★★★ I have used this firm for several years and they have always been super helpful and supportive, attentive and resolved issues in really useful ways. Shout out to Alison, Ellie and Jardelle (and the team!)Georgia W. ★★★★★ We worked with Ellie to secure our mortgage and protection, and she was a dream! Being a first time buyer, I was quite clueless about the process, and in a time where mortgage rates have been quite high, she worked right til the end to make sure we were getting our mortgage at the best possible rate and was always available to answer all questions I had. Can't recommend enough 🙂Richard D. ★★★★★ js_loader

Written by:

Alison Gibson

Ascot Mortgage Expert

Last Updated:


Written by:

Alison Gibson

Ascot Mortgage Expert

Last Updated:


Income multipliers

Income multipliers are a starting point for determining how much you can borrow for a mortgage. On a salary of £30,000 per year, most mortgage lenders in the UK may offer you a loan amounting to 4 to 4.5 times your annual income. This means you could potentially borrow between £120,000 and £135,000. However, with Ascot Mortgages’ expertise, it’s possible to access lenders who may offer up to 5 or even 5.5 times your income, subject to certain affordability criteria.

Here’s the table with a £30,000 salary per year:

Salary – £30,000

Income Multiplier

Maximum Mortgage Amount













This table outlines the maximum mortgage amounts you could potentially borrow based on different income multipliers. Remember, these figures are indicative and actual mortgage approval depends on various factors.

Mortgage affordability calculator

Ascot Mortgages provides an online mortgage affordability calculator that takes into account your income to give you an estimate of what you might be able to borrow. This tool is an excellent first step in understanding your mortgage on a 30k salary a year

Mortgage Affordability Calculator

Use this calculator to determine how much you could potentially borrow for a mortgage, based on the typical salary multiples used by most UK lenders.

Input full salaries for all applicants

Get expert advice immediately if...

If one or more of the above apply to you, it’s important to get expert advice before making an application. The right broker can help maximise your chances of approval based on your circumstance.

Mortgage affordability criteria

Lenders consider various factors to determine how much you can borrow. These criteria ensure that the mortgage offered to you is sustainable and fits your financial capacity.

Credit score

Your credit score is a key factor in mortgage affordability. A higher score can potentially improve your chances of securing a larger loan or a mortgage with more favourable interest rates.

Deposit size

The size of your deposit significantly affects the mortgage amount. A larger deposit reduces the lender’s risk, potentially increasing the amount you can borrow. Saving for a sizable deposit is often a wise strategy for those with a mortgage on a 30k salary.

Debt-to-Income Ratio (DTI)

Your DTI ratio compares your total monthly debt payments to your income. Lenders use this to assess your ability to manage monthly mortgage payments. Maintaining a low DTI ratio can improve your mortgage prospects.

Term length

The length of your mortgage term affects your monthly payments and the total interest paid. Longer terms mean lower monthly payments but more interest over the life of the loan.

Mortgage type

The type of mortgage (fixed, variable, or tracker) influences your monthly payments and overall affordability. Fixed-rate mortgages offer stability, while variable rates can offer lower initial rates.

Interest rates and mortgage term

Interest rates directly impact your monthly payments and the total cost of your mortgage. A lower rate means lower monthly payments, making the mortgage more affordable over its term.

What else you should consider before taking out a mortgage

Beyond the key affordability criteria, consider the stability of your income, potential for salary increases, and personal or family plans that might affect your financial situation. Preparing for unforeseen circumstances with savings or insurance can safeguard your mortgage in the long term.

Before committing to a mortgage, consider the following:

  • Evaluate additional homeownership costs such as property taxes, insurance, and maintenance.
  • Assess your long-term financial goals and whether homeownership aligns with your objectives.

Consult with a mortgage advisor to explore suitable mortgage options tailored to your needs and financial circumstances.


On a £30k salary, securing a mortgage requires careful consideration of multiple factors, including income multipliers, deposit size, and your credit score. Ascot Mortgages is here to help you navigate this process, ensuring you find a mortgage that suits your financial situation.

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Most lenders offer mortgages 4 to 4.5 times your annual income. With Ascot Mortgages, it may be possible to secure a mortgage up to 5 or even 5.5 times your salary under certain conditions.

  • With an income multiplier of 4, the maximum mortgage amount is £120,000.
  • Using a multiplier of 4.5, borrowers may qualify for a mortgage of up to £135,000.
  • Lenders willing to apply a multiplier of 4.75 could offer mortgages reaching £142,500.
  • At the highest multiplier of 5.5, borrowers might secure mortgages up to £165,000.

It’s important to note that actual mortgage approval depends on various factors, including credit history, deposit size, and affordability assessments. Consulting with a mortgage advisor can provide tailored guidance based on individual circumstances.

A £30k salary can affect your mortgage options, with most lenders considering 4 to 4.5 times your income as a borrowing limit. Ascot Mortgages can assist in finding lenders willing to offer higher multiples.

While challenging, purchasing a home on a £30k salary is possible, especially with careful planning and the right mortgage advice. Ascot Mortgages can help you explore your options to maximise your borrowing potential.

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