Thinking of buying a home and wondering how much deposit you’ll need? Let’s break it down simply. Typically, first-time buyers in the UK will need at least 5-10% of the property’s value. So, if you’re looking at a £200,000 home, that’s around £10,000 to £20,000.
However, if you can stretch to 15-20%, you’ll likely get access to better interest rates. Why? Because lenders see a bigger deposit as lower risk, meaning you’ll save on monthly payments over time.
In 2026, with fluctuating markets, having a bit more saved can give you a competitive edge. If you need guidance on saving or want to know what’s realistic for you, reach out—I’m here to help!
