What Salary Do You Need to Buy a House in London in 2025?

Buying a home in London remains a dream for many, but rising property prices mean your income plays a crucial role in determining affordability. So, what salary do you really need to buy a house in London in 2025?

Average House Prices and Salary Requirements
With London’s average property price now around £700,000, buyers typically need a household income of £120,000 to £150,000 to secure a mortgage with a 10% deposit, depending on the lender. For more affordable areas like Barking & Dagenham or Bexley, a combined income of £70,000–£90,000 could be enough to step onto the property ladder.

In contrast, prime central locations such as Chelsea or Kensington often require incomes exceeding £250,000 for even modest homes, unless a larger deposit is available.

Tips for Buyers in 2025
First-time buyers can benefit from government schemes and shared ownership options to lower entry barriers. Planning a realistic budget and working with a trusted advisor ensures you find the right property without overstretching finances.

At TrustPoint, we help buyers navigate London’s competitive market with tailored advice and access to exclusive listings across all price ranges.