Affordability Breakdown • Kensington and Chelsea
Can a Waiters and waitresses afford a home in Kensington and Chelsea?
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
£2,429,086
4.5x Borrowing Limit
£94,392
Required Cash Deposit
£2,334,694 (96.1%)
Compare Property Types in Kensington and Chelsea:
Cash Deposit Breakdown for Kensington and Chelsea
Standard UK mortgage lending tiers evaluated for a Waiters and waitresses.
| Deposit Tier | Cash Deposit Required | Mortgage Amount | Affordability Status |
|---|---|---|---|
| 5% Deposit (95% LTV) | £121,454 | £2,307,632 | Salary Gap |
| 10% Deposit (90% LTV) | £242,909 | £2,186,177 | Salary Gap |