How Much Can I Borrow With a £70000 Deposit?

Short answer: a £70,000 deposit puts you in an excellent loan to value (LTV) position, but it still does not set your borrowing limit on its own. How much you can borrow is primarily determined by income, affordability, and lender criteria.

At this deposit level, many borrowers expect lenders to stretch borrowing automatically. In practice, the main advantages of a £70,000 deposit are better interest rates, broader lender choice, and smoother underwriting, rather than higher maximum borrowing.

This guide explains how much you can borrow with a £70,000 deposit, how lenders assess it, and what can still limit borrowing.

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What a £70000 Deposit Actually Does

Your deposit directly affects loan to value.

Loan to value is the percentage of the property price you are borrowing. A £70,000 deposit can move you into some of the strongest mainstream LTV bands.

Examples:

• £250,000 property → £70,000 deposit = 72% LTV
• £300,000 property → £70,000 deposit = 76.7% LTV
• £350,000 property → £70,000 deposit = 80% LTV

At these LTV levels:

• Lender choice is wide
• Interest rates are usually more competitive
• Underwriting is often less restrictive

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Typical Borrowing Ranges With a £70000 Deposit

Borrowing is still driven by income, not deposit size.

Most lenders calculate borrowing using income multiples, commonly around 4 to 4.5 times household income, with higher multiples available in limited scenarios.

Illustrative examples:

• Household income £50,000
  • Typical borrowing: £200,000–£225,000
  • With £70,000 deposit → property around £270,000–£295,000
• Household income £65,000
  • Typical borrowing: £260,000–£292,500
  • With £70,000 deposit → property around £330,000–£362,500
• Household income £85,000
  • Typical borrowing: £340,000–£382,500
  • With £70,000 deposit → property around £410,000–£452,500

If income does not support the mortgage, the deposit alone will not increase borrowing.

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Why Income Still Caps Borrowing

The deposit reduces risk — income repays the mortgage.

Lenders must be confident that:

• Monthly repayments are affordable
• You could cope with future interest rate increases
• Spending leaves a healthy monthly surplus

A £70,000 deposit improves the risk profile, but affordability rules still apply.

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Is a £70000 Deposit Considered Very Strong?

Yes — in most situations.

A £70,000 deposit typically places borrowers:

• At 75–80% LTV on many purchases
• Well below high-LTV thresholds

This often leads to:

• Access to the most competitive mainstream rates
• Fewer lender restrictions
• Faster, smoother underwriting

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How Bank Conduct and Credit Still Matter

Behaviour is still assessed, even with a large deposit.

Lenders will continue to review:

• Bank statement conduct
• Overdraft usage
• Credit trends
• Existing financial commitments

Poor conduct can still limit borrowing or lender choice, even at lower LTV.

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Does a £70000 Deposit Improve Rates Compared to £60000?

Often, yes — if it crosses a key LTV band.

Moving from £60,000 to £70,000 may:

• Push LTV below 75% or 80% thresholds
• Unlock better pricing tiers
• Expand lender choice

The biggest benefits come from crossing LTV bands, not just increasing the deposit amount.

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First-Time Buyers With a £70000 Deposit

A £70,000 deposit is extremely strong for many first-time buyers.

First-time buyers often find:

• LTV is no longer a constraint
• Income and affordability are the main limits
• Applications feel calmer and less scrutinised

At this level, preparation and stability matter more than the deposit itself.

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Single Income Borrowing With a £70000 Deposit

Affordability still determines borrowing.

For single-income borrowers:

• LTV is rarely the issue
• Income multiple and spending behaviour usually cap borrowing

The deposit reduces risk but does not increase income-based limits.

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What Can Still Reduce Borrowing With a £70000 Deposit?

Borrowing may still be limited if:

• Income is variable or recently changed
• Credit issues are recent
• Bank statements show instability
• Existing unsecured debts are high

Lower LTV increases flexibility, but affordability rules remain central.

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How to Maximise Borrowing With a £70000 Deposit

Borrowers often improve outcomes by:

• Keeping bank statements consistent
• Reducing unsecured debts
• Avoiding new credit before applying
• Allowing income to settle
• Choosing a realistic property price

Strong preparation helps unlock the full benefit of a high deposit.

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Is It Worth Saving More Than £70000?

Sometimes — but rarely for borrowing power alone.

Saving beyond £70,000 may:

• Improve interest rates slightly
• Reduce monthly repayments
• Provide additional financial buffer

However, it usually does not increase borrowing unless income also rises.

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Key Takeaways

• A £70,000 deposit places you in a very strong LTV position
• Income still determines borrowing limits
• Lower LTV usually means better rates and smoother approval
• Behaviour and stability are still assessed
• Larger deposits improve pricing more than loan size

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Learn More in Related Guides

You can learn more about deposits, affordability, and lender behaviour in our other Mortgage Bridge guides.

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This guide provides general information only. Personalised mortgage advice should always come from a regulated mortgage adviser.