Annual salaries range from £19,608 to £61,140. Below is the full range of pay both before and after tax:
| Lowest | Average | Upper | |
|---|---|---|---|
| Pre-tax | £19,608 (£1,634 p/mth) |
£29,928 (£2,494 p/mth) |
£61,140 (£5,095 p/mth) |
| Pre-tax Income Percentile | 37th | 65th | 92nd |
| Post-tax | £16,872 (£1,406 p/mth) |
£23,880 (£1,990 p/mth) |
£43,992 (£3,666 p/mth) |
| Post-tax Income Percentile | 31st | 58th | 89th |
| Percentage Tax Deduction | 14% | 20% | 28% |
The underwriters mainly work in banks that manage loans and mortgages and are responsible for analyzing lending risks based on application data. He also monitors the other information in the loan application to make sure it is correct.
Compare the average salary of an underwriter to your salary:
Below are the range of mortgages typically affordable for a single applicant underwriter:
| Lowest | Average | Upper | |
|---|---|---|---|
| average gross salary | £19,611 | £29,925 | £61,136 |
| max mortgage | £88,250 | £134,663 | £275,112 |
| deposit paid | £9,806 | £14,963 | £30,568 |
| max purchase price | £98,056 | £149,626 | £305,680 |
| mortgage repayment p.mth (2.5%|25yr) | £400 | £611 | £1,248 |