Affordability Breakdown • City of Westminster
Can a Waiters and waitresses afford a home in City of Westminster?
With an annual gross salary of £20,976, a Waiters and waitresses has a maximum 4.5x mortgage borrowing limit of £94,392.
Avg TERRACED Price
£1,616,250
4.5x Borrowing Limit
£94,392
Required Cash Deposit
£1,521,858 (94.2%)
Compare Property Types in City of Westminster:
Cash Deposit Breakdown for City of Westminster
Standard UK mortgage lending tiers evaluated for a Waiters and waitresses.
| Deposit Tier | Cash Deposit Required | Mortgage Amount | Affordability Status |
|---|---|---|---|
| 5% Deposit (95% LTV) | £80,813 | £1,535,437 | Salary Gap |
| 10% Deposit (90% LTV) | £161,625 | £1,454,625 | Salary Gap |