How much do I need to earn for a 200k mortgage self-employed?

The amount needed depends on lender income multiples, existing commitments and deposit. As a rough guide, borrowing £200,000 may require an income somewhere in the region of £45,000 to £55,000, but this varies significantly. Contractors may be assessed differently if day-rate income is used. This is exactly why a tailored affordability check is important before applying. Your home may be repossessed if you do not keep up repayments on your mortgage. You may have to pay an early repayment charge to your existing lender if you remortgage.