@gray.area.finance: Anyone else doomscroll on Rightmove, then calculate how far away they are from affording the house? 😂🏡 The £1 million example assumes: • 10% deposit: £100,000. • £900,000 mortgage at 4.5× gross annual household income: £200,000 earnings needed. • Repayment over 30 years at an illustrative 4.5% interest rate: around £4,560/month. These are examples, not a mortgage quote. Lenders may offer different income multiples or require a bigger deposit. Approval depends on affordability and lending criteria; repayments change with the rate and term. Standard purchase tax: England/NI £43,750; Scotland £78,350; Wales £61,750. Assumes no additional-property or non-resident surcharges and no relief. Eligible Scottish first-time buyers could save £600. Deposit and tax totals exclude legal, survey, mortgage and moving costs. Ongoing bills and maintenance are extra. Existing home equity could help fund your deposit. Tax figures checked September 2026 against GOV.UK, Revenue Scotland and GOV.WALES. General information, not personalised mortgage advice. What house price should I do next? 👇 #Rightmove #UKProperty #Mortgage #PersonalFinance #HouseBuying

Daniel - Gray Area Finance

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Monday 21 September 2026 18:20:12 GMT