£750,000 Mortgage: Monthly Repayments & Income Requirements

To get a mortgage for £750,000, you would typically need a deposit of between £37,500 and £75,000 or more and an income of £150,000 or more to be approved.

At the time of writing (November 2025), the average monthly repayments on a £750,000 mortgage are £4,384. 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 £1,315,328 over the mortgage term.

Keep scrolling for more information on what you can expect to pay, the income you’ll need, and other factors that affect your monthly repayments.

How much does a £750,000 mortgage cost per month?

The amount you repay each month depends on your interest rate, the term of your mortgage and the size of your deposit. You should expect to pay more each month with a larger mortgage as you have a greater sum to pay back than a £100,000 mortgage, for example.

Securing a mortgage with a longer term will result in smaller monthly repayments, but you’ll pay more over the mortgage term.

It’s a good idea to speak to one of the advisors we work with to better understand what your repayments might look like. They can assist you in obtaining more favourable terms and lower repayments than you might secure on your own when trying to get a mortgage.

How much do you need to earn to get a £750,000 mortgage?

The amount you can borrow is based on your salary. Most lenders will loan 4 or 4.5 times your annual income. To be approved for a £750,000 mortgage, you’ll need an annual income of £150,000 to £200,000, which is significantly above the average UK annual salary, currently £38,100 (November 2025).

You may not be approved for a £750k mortgage if your income doesn’t match these figures. However, you can apply for a joint mortgage with your partner to increase your chances of approval. You can improve your chances of meeting the income requirements for the mortgage by combining your earnings.

Your income structure will play a big role in how lenders assess your affordability. Many high earners don’t receive a straightforward salary—instead, you might have a lower base income topped up with large bonuses, commissions, share schemes, or company loan structures.

While your total earnings may be high, lenders treat these income streams differently. Some will accept bonuses and commissions in full, while others may only take a percentage or require a consistent track record.

If you’re self-employed or a limited company director, lenders typically look at your salary, dividends, or retained profits, often requiring two to three years of accounts. If you earn through share schemes or complex bonus structures, finding a lender who understands your pay model is key.

Some lenders may be willing to offer 5 times or possibly even 6 times your annual salary. In this scenario, you would need to earn £140,000 to be eligible for a £750,000 mortgage. However, this option is often only available to certain professions with high or stable incomes or high net-worth individuals.

If this scenario affects you, it’s best to consult a broker. They can indicate which lenders can offer this and whether you’d meet the lender’s affordability criteria.

The table below 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 one of the advisors we work with.

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 £750,000 mortgage?

Most lenders’ minimum deposit requirements range from 5% to 10% of the property value. For a property valued at £750,000, you’d need a minimum deposit of £37,500 to £75,000.

If you have poor credit, you might need a bigger deposit of around 25%. A larger deposit is also essential for a mortgage on a non-standard construction property like an eco-friendly home.

For buy-to-let mortgages, most lenders typically require a minimum deposit of 20%. However, an experienced mortgage broker in this field may be able to identify lenders who ask for less.

Having a larger deposit increases your chances of getting approved for a mortgage. It also lowers your monthly payments, improves your loan-to-value ratio, and allows you to access more competitive interest rates. A smaller deposit will result in higher monthly payments.

Use our calculator below to see how this plays out.

How to get a £750,000 mortgage

Once you’ve found a property and completed the necessary calculations, your next step should be to find an experienced mortgage broker. This will increase your chances of approval and help you secure the best available terms.

Using our broker-matching service, you can speak to the right broker straightaway by simply enquiring online.

They’ll be able to help with:

• Deposit requirements: To secure a £750,000 mortgage, you will need to save a minimum deposit of 5% to 10%. The exact amount required will depend on the property value. For example, for a £750,000 house, a 10% deposit would be £75,000. One simple way to save for this deposit is to open a savings account and put 10% to 15% of your monthly wage into the account.
• Reviewing and Optimising Your Credit Reports: It’s important to check your credit history before applying to ensure no bad credit issues exist and remove any inaccurate or outdated information that could hinder your chances of securing the mortgage you need.
• 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.
• Determining Your Borrowing Capacity: Based on typical lender salary multiplier calculations, you might assume that £750,000 is the maximum amount you can borrow for a mortgage. However, this may 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.
• Identify the Right Lender and Secure the Best Deal: Your mortgage broker can help you identify lenders offering the best interest rate terms. This can save you time and potentially money.
• Guiding you through the Mortgage Process: Getting a mortgage can be difficult, especially if it’s your first application. The right mortgage broker can help you with any issues you may face along the way, look after your interests and be a lifeline in case anything goes wrong.

Example monthly repayments for a £750,000 mortgage

The table below shows how monthly payments on a £750,000 mortgage can change depending on the rate and term.

The repayment amount for interest-only mortgages stays the same regardless of the loan term. For example, if the monthly repayment at a 6% interest rate is £3,750, it will remain the same whether you choose a 15-year or a 30-year term. This is due to the principal amount not decreasing and being paid off in full until the end using a separate repayment vehicle.

For the purpose of these tables, we assume the interest rate stays the same for the full length of the mortgage. Interest rates can change if you decide to remortgage on 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 along these rows in the table above would be the most realistic at present. However, this can change as and when the base rate changes.

Factors that affect monthly repayments

Each of the following factors outlined below directly impacts your mortgage repayments.

Interest rate

Getting the best (lowest) interest rate available ensures your repayments will be as low as possible based on the current market conditions when you apply.

The strength of your application and the size of your deposit will determine how many mortgage lenders are willing to consider you for a mortgage. This means you’ll have access to the best available rates.

Other factors, such as your credit history, age, and employment status, can also impact the interest rate you qualify for. This could result in a smaller pool of lenders willing to consider you for a mortgage.

Mortgage term

Twenty-five years is the average mortgage term in the UK, but lenders can be flexible. If you show that affordability is not an issue, you can often shorten your loan term. This will result in higher monthly payments but savings on interest over the loan term. Some lenders may permit overpayments, which can help you pay off your mortgage more quickly and reduce the total interest you pay.

However, it’s important not to overpay too much, as you might face early repayment charges if you repay more than 10% each year.

If you’re finding it hard to afford a £750,000 loan, you can extend your term to a maximum of 40 years for more manageable monthly repayments. However, not all lenders offer 40-year terms; you are more likely to be approved for one if you are younger.

If you don’t match the eligibility criteria for high-street lenders, you can still get a good rate by approaching a specialist lender more sympathetic to your situation. This can include applicants looking for bad credit mortgages or mortgages for self-employed people. The best way to find these lenders is by using the services of an experienced mortgage broker.

Mortgage Type

The type of mortgage you get plays a big factor in determining your monthly repayments.

Broadly speaking, there are three different types available:

• Fixed-rate mortgages: Your interest rate remains the same throughout your term on a fixed-rate mortgage, so you know exactly what your monthly payments will be for several years (usually between two and five). A fixed-rate mortgage makes budgeting easier, but if interest rates drop you can be stuck with a higher rate than you otherwise would have.
• Variable rate mortgages: As the name suggests, these types of mortgages have rates that can vary rather than remain fixed. They can be slightly more risky than a fixed-rate mortgage but can result in lower monthly repayments during the term if interest rates drop, for example. Types of variable rates include tracker mortgages (see below), discounted rate mortgages and standard variable rate (SVR) mortgages.
• Tracker mortgages: This type of mortgage has a variable rate that usually tracks the Bank of England base rate (typically a set percentage above the base rate). Some lenders include a minimum and maximum rate to give you peace of mind. Rates are usually lower than fixed rates on offer at the time of taking out your mortgage. Many lenders offer discount tracker rates to help reduce your monthly payments.

Your age

Most lenders, especially on the high street, impose a maximum age limit on their mortgage products, meaning you’ll typically need to have finished repaying your mortgage by the age of 75-85.

Your term is likely to be shorter the older you are. However, not all lenders apply maximum age limits, so if you’re an older borrower, you might be able to achieve the term you want with the right lender. Alternatively, you can look at equity release products, for over 55s.

Your credit history

If your credit history is problematic, lenders might charge you a higher interest rate to mitigate the risk of lending to you. A broker specialising in mortgages for people 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 consider

You might face additional charges that could affect your monthly costs when applying for a £750,000 mortgage. Speaking to a mortgage broker about the following costs will help you understand what they entail and prevent unpleasant surprises.

Product fees

Some mortgages come with fees to set them up, such as some of the ones listed below:

• Arrangement fee: Most mortgages include an arrangement fee, also known as a “product fee.” These fees typically depend on the complexity of the application and can range from up to around £2,000. Sometimes, these fees can be added to your mortgage, but doing so will increase your monthly payment slightly and result in paying interest on the fee.
• Booking fee: Not every mortgage requires a booking fee, but those that do typically charge around £100 – £200.
• Valuation fee: Most lenders insist on a valuation fee to confirm the purchase price is right and protect their investment. This is likely to cost you around £300.
• Land registry fee: You pay an admin fee to the Land Registry to change the register entry to your name for properties valued at £100,001 and above. The fee varies from £45 to £145 depending on the property’s value.
• Solicitors fee: Also known as the ‘conveyancing fee,’ this is the amount you pay your solicitor for their work on the deal. It can vary considerably, but as a general guide, expect to pay between £800 and £1,500.
• Broker fee: If you decide to use their services, a broker will typically charge either a percentage of the amount borrowed (usually up to 1%) or a fixed fee (between £500-£1,000, depending on the complexity of the application).

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

Stamp duty

Whether you have to pay stamp duty will depend on the property’s value and whether it’s your main residence. First-time buyers and those purchasing residential properties under £250,000 are exempt from this tax.

Legal fees

These costs usually occur during the purchasing process, and while they do not directly impact monthly payments, they are an additional expense to consider in your calculations.

Why use Online Mortgage Advisor?

Finding the right broker is crucial when taking out a £750,000 mortgage.

Our broker-matching service removes the burden of finding the right specialist and introduces you to one with a proven track record of helping people in your situation get the best mortgage deal.

When you enquire, we’ll take some basic details and then pair you with the ideal broker according to your circumstances and those of the property you are looking to buy or remortgage.

To get matched with your ideal broker, call today on 0330 818 7026 or enquire online to arrange a no-obligation chat.