£180,000 Mortgage: Monthly Repayments & Income Requirements

Your repayments on a £180,000 mortgage will vary depending on the mortgage type. Repayments are determined by the length of your term, interest rate, and the type of mortgage you get.

A longer term will mean smaller monthly repayments but will result in you paying more in the long term. The higher the interest rate, the more you’ll pay and if you get an interest-only mortgage, for example, you’ll only cover the interest charges, not the principal amount borrowed.

In this article, we’ve put together everything you need to know about what the repayments on a £180,000 mortgage could be, how much income you’ll need to earn, and the deposit amount you’ll need to apply for this mortgage. As well as the factors that might affect how much you pay and why using a mortgage broker can help secure the lending you need with the best interest rates.

How much does a £180,000 mortgage cost per month?

At the time of writing (November 2025), the average monthly repayments on a £180,000 mortgage are £1,052. This is based on current interest rates being around 5%, a typical mortgage term of 25 years, and opting for a capital repayment mortgage. Based on this, you would repay £315,679 over the mortgage term.

However, if you secured a mortgage with a longer term, such as 30 years, your monthly repayments will be smaller, but you will pay more over the mortgage term.

Talk to one of our advisors to get an idea of what you might repay. They can help you secure favourable terms and lower repayments than you might get if you try to secure a mortgage yourself.

How much do you need to earn to get a £180,000 mortgage?

What lenders are willing to borrow is based on your salary. Most lenders will loan 4 to 4.5 times a person’s annual salary. For a £180,000 mortgage, you’d need an annual income of between £40,000 to £45,000. This is above the average UK annual income, currently £38,100 (November 2025).

If your income falls short of this figure, getting a joint mortgage with your partner or someone else will allow you to use your combined earnings to meet lenders’ criteria.

However, some lenders are willing to let you borrow more and offer up to 5 times, or in some cases, 6 times your annual income. However, the latter is often reserved for certain professions, such as doctors or lawyers, as they have a higher and more reliable income.

In these circumstances, it’s best to consult with a broker who can indicate which lenders can offer this and whether you’d meet the lender’s affordability criteria.

This table shows how your income and the provider’s income multiples combine to show your maximum borrowing capacity:

The above table is for comparative purposes only. For the most up-to-date information on affordability criteria, talk to your mortgage lender or broker.

If you’d like to see how this works out for yourself based on your annual income, take a look at our mortgage affordability calculator below:

How much deposit do you need for a £180,000 mortgage?

Most lenders require a deposit of 5%-10% of the property value (not the mortgage amount). If you were purchasing a property valued at £180,000 (as opposed to borrowing this amount), you’d need a deposit of between £9,000-£18,000, which would leave you with a mortgage of £171,000-£162,000.

If you have issues with bad credit, most lenders will require you to have a deposit of around 25% to mitigate the risk of lending to you. You might also need a larger deposit to get a mortgage for a non-standard construction property, such as a property with a thatched roof.

Getting a £180,000 mortgage with no deposit is possible, but only a handful of lenders offer this, and the eligibility criteria are strict.

If you have a higher deposit, you will have lower monthly repayments, but you’re also more likely to qualify for the most competitive rates. This is because you will have a lower loan-to-value (LTV) ratio, which wouldn’t be the case with a lower deposit.

Use our calculator below to see how this works in practice:

How to get a £180,000 mortgage

The first step in your mortgage application should be to find a mortgage broker with experience in arranging mortgages of this amount. This will boost your chances of getting approved at the best terms available.

Our mortgage advisors can search the market for you and guide you through the process, enquire online today.

They’ll be able to help with:

• Deposit requirements: You’ll need to save a minimum deposit of 5% to 10% for a £180,000 mortgage. How much this figure will be depends on the value of the property, but a 10% deposit on a £180,000 house would be £18,000. A simple way to help you save money is to set up a savings account and put a percentage of your monthly wage, around 10 to 15%, into the account each month.
• Downloading and optimising your credit reports: It’s important to review your credit history before you apply for a mortgage, checking for any inaccuracies or outdated information that can be removed beforehand. 
• Gathering all the necessary paperwork for your application: Your broker will be able to guide you through the application process and all the typical documents required – proof of income, at least three months of bank statements, personal ID, proof of address, evidence of deposit, latest P60 form etc.
• Working out how much you can borrow: You might think £180,000 is the maximum you can borrow for a mortgage based on typical lender salary multiplier calculations. However, this might not be the case. A mortgage broker can assess your circumstances and eligibility for better deals from lenders, potentially allowing you to borrow more at better interest rates.
• Finding the right lender and securing the best deal for you: Your mortgage broker will be able to identify those lenders offering the best interest rate terms available. This will save you time and, potentially, some money too.
• Navigating the mortgage process: Applying for a mortgage can be challenging, especially if it’s your first application. The right mortgage broker can assist you with any issues you may encounter along the way, safeguard your interests, and provide support if anything goes wrong.

Example monthly repayments for a £180,000 mortgage

Check out the table below to understand how the interest rate and term length might alter repayments on a £180,000 mortgage.

For interest-only mortgages, the repayment remains as is regardless of the term. So, for example, the repayment shown for 6% – £900 per month – would be the same if you opted for a 15-year- or 30-year term as the capital owed doesn’t reduce and is paid off in full at the end using a separate repayment vehicle.

*For the purpose of this table, we assume the interest rate stays the same for the full length of the mortgage. Interest rates can change if you decide to remortgage to a different rate or move from a fixed or discounted deal on to the lender’s standard variable rate (SVR).

With the Bank of England base rate currently at 4% (November 2025) and the average mortgage rate between 5% and 6%, the repayment figures under these columns would be the most realistic at present. However, as the base rate falls in the future, mortgage lenders should follow suit and reduce their rates, too.

Factors that affect monthly repayments

Repayments on mortgages can be impacted by the following factors, both directly and indirectly:

Term length

If you pay back the mortgage over a longer period, the monthly payments will be lower. For example, a 5.5% interest rate on a £180,000 mortgage over 30 years would mean paying £1,022 a month, but over 15 years, that figure increases to £1,471.

So, by extending your term, you reduce your monthly repayments, but on the flip side, you’ll pay back more interest overall.

Interest rate

The interest rate you qualify for can greatly affect your monthly repayments. The strength of your application and having a larger deposit will play a big part in whether you can gain access to the lowest rates available.

A mortgage broker can advise on the best interest rates on the market and the rate you could expect based on a range of eligibility factors and creditworthiness.

Mortgage Type

An additional factor to consider is the mortgage type.

A tracker mortgage has an interest rate that changes in line with the Bank of England’s base rate, which means your monthly repayments will also change.

If you prefer to know exactly what your payments will be, month to month, a fixed-rate mortgage could be a better option. These tend to have slightly higher but consistent rates.

A third option is an interest-only model, which would significantly reduce repayments to just the interest element and leave the £180,000 as a lump sum to pay at the end of the term.

Your age

Although getting a mortgage at almost any age is possible, time on your side can lead to better deals from lenders. This could mean lower rates and monthly repayments for your £180,000 mortgage.

Your credit history

If you have blots on your credit history, your lender might charge you a higher interest rate to mitigate the risk of lending to you. A broker who specialises in mortgages with bad credit can help you find the best rates, given your circumstances.

If you’re unsure what your credit score is or want to check before you go any further, use the free tool below:

Other costs to factor in

It’s important to remember that the repayments on the mortgage won’t be the only cost you’ll incur.

You’ll need to have money set aside for other mortgage fees, including:

Product fees

• The arrangement fee: This can range from £1,000 to £2,000. It is an amount paid to a lender, either as a lump sum or as a monthly payment. You can add it to your mortgage if you wish, but be aware that you’ll then pay interest on top of this amount.
• Booking fee: This costs around £100 to £200 and is paid to the lender as part of your application submission.
• Valuation fee: At approximately £300, the lender pays this fee to assess the property you wish to buy and confirm its value. Some lenders may pay this for you.
• Survey cost: You can do this with a third party or pay a lender to upgrade their valuation to do a survey. It can cost anywhere between £400 and £1,500.
• Stamp duty: This is a government levy payable based on the value of your property and whether it’s your primary or secondary residence.
• Conveyancing fee: This is the amount you pay a solicitor to manage all purchasing paperwork. It can cost between £800 and £1,500, but sometimes, a lender will cover the fee.
• Broker fee: Our brokers offer an initial free consultation and will lay out any charges beyond that. Typically, this will either be a percentage of the mortgage (usually up to 1%) or a fixed fee (between £500-£1,000, depending on the complexity of the application). You can read more about our fees here.
• Deposit: The ideal deposit is 25% of a property’s value, particularly if you want to qualify for the best rates, but some lenders will lower that requirement to 10% or even 5%.

Insurance

You’ll likely need to account for additional insurance costs when considering a mortgage.

These may include:

• Home insurance: Covers your property against damage or loss.
• Life insurance: Provides coverage for the mortgage in case of your death.
• Income protection: Helps if you’re unable to work due to illness or injury.
• Critical illness cover: Assists if you’re diagnosed with a serious medical condition

Why use Online Mortgage Advisor?

A £180,000 mortgage shouldn’t be costing you any more than it has to, and the only way to ensure you’ve got the cheapest mortgage on the market is to engage with an experienced broker who knows which lenders currently offer the best rates.

Our mortgage experts support you from the start to the finish of your application.

With access to hundreds of lenders, your dedicated mortgage adviser can find the best possible mortgage deal for your circumstances. We’re so confident in our service that we guarantee it – if you find a better mortgage deal elsewhere, we’ll give you £100*.

Call 0330 818 7026 or make an enquiry for a free consultation, and a member of our team will explain exactly how we can help.