Call 03301 334 199 or Whatsapp us 07950545264 hello@abc-mortgages.co.uk
Call 03301 334 199 or Whatsapp us 07950545264 hello@abc-mortgages.co.uk
Many people assume that owning a home is out of reach if you’re on a modest salary, but that’s not the case. At ABC Mortgages, we believe that getting a mortgage should be as simple as ABC — and that includes helping those with lower incomes find the right solution.
While some high street lenders may set strict income requirements, there are specialist lenders and government schemes available that make homeownership more achievable. With the right advice and support, getting a mortgage on a low income is absolutely possible.
Discover how much you can afford to borrow.
Your home / property may be repossessed if you do not keep up repayments on your mortgage.
Last Updated: 21st August 2025
A low income mortgage is not a specific type of product, but rather a mortgage tailored to borrowers who may earn less than the average applicant. Lenders use affordability checks to decide how much you can borrow, usually based on a multiple of your annual income (often 4–4.5x).
The good news is that lenders don’t just look at your salary. Many will consider other sources of income such as benefits, bonuses, overtime, child maintenance, or pensions. In addition, government-backed schemes such as Shared Ownership or the First Homes Scheme can help make buying a property more affordable.
Low income mortgages can benefit a wide range of people, including:
First-time buyers starting out on modest salaries.
Key workers such as teachers, NHS staff, and public sector employees.
Families where one parent works part-time or childcare costs reduce affordability.
Self-employed workers with fluctuating or lower declared income.
Single applicants who are applying for a mortgage on one income.
If you fall into any of these categories, our team at ABC Mortgages can help you find the right lender who understands your circumstances.
While it is possible to secure a mortgage on a low income, there are some challenges to be aware of:
Lower borrowing amounts – your income limits the size of mortgage available.
Stricter affordability checks – lenders will carefully review your spending and financial commitments.
Limited lender options – not all banks are flexible with lower incomes.
Deposit requirements – some lenders may require a higher deposit.
The good news is that these challenges can be overcome with the right advice, planning, and access to specialist lenders.
Lenders use several factors to decide if you’re eligible for a mortgage, including:
Income multiples – usually 4–4.5x your annual income, though some specialist lenders may offer more.
Other income sources – overtime, bonuses, benefits, pensions, or maintenance payments may be included.
Outgoings and commitments – loans, credit cards, childcare, and living expenses reduce borrowing capacity.
Deposit size – the bigger your deposit, the stronger your application.
Credit history – a clean record improves your chances, though bad credit mortgages are also available.
If you’re worried about your income holding you back, here are some practical steps that can help:
Save for a bigger deposit – a larger deposit reduces risk for the lender and can unlock better deals.
Reduce debts and commitments – paying off loans or credit cards improves your affordability.
Use government schemes – such as Shared Ownership, Help to Buy alternatives, or the First Homes Scheme.
Consider a joint application – applying with a partner or guarantor may increase your borrowing potential.
Work with a specialist mortgage broker – at ABC Mortgages, we know which lenders are most flexible with low income applicants.
At ABC Mortgages, we’re dedicated to making mortgages simple and accessible. Here’s why clients across Sittingbourne and Kent choose us:
Tailored advice – we look beyond numbers and focus on your real-life situation.
Support every step of the way – from affordability checks to lender negotiations.
Local expertise – trusted mortgage brokers serving Sittingbourne and Kent communities.
Buying a home on a low income might feel daunting, but with the right support, it’s entirely achievable.
At ABC Mortgages in Sittingbourne, Kent, we specialise in helping first-time buyers, families, and individuals secure the best mortgage deal for their circumstances.
There’s no fixed minimum — it depends on affordability, deposit, and lender criteria. Some lenders accept incomes under £20,000.
Yes, although borrowing will be limited to your income. Specialist lenders may be more flexible.
Not always, but a larger deposit (10–15%) can improve your chances and unlock better rates.
Not exactly — but government schemes and specialist lenders are designed to help make homeownership more affordable.
Important Information
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The precise amount will depend upon your circumstances and will be agreed with you before proceeding, but we estimate it will be £395.
The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.