Lenders don’t just look at your salary when deciding how much you can borrow. They also review your credit history, monthly spending, and existing debts.
Most lenders use an income multiple (often around 4–4.5x your annual salary), but this can vary depending on your financial situation and the lender’s criteria.
Your deposit size also plays a big role. A larger deposit usually means better rates and more borrowing power because it reduces the lender’s risk.
Finally, affordability checks are key. Even if you earn a good income, high monthly expenses can reduce what you’re offered.
In short, it’s not just what you earn—it’s how you manage it.
