A Reader How much deposit do I need to get a good mortgage rate in the UK?

4 Sept 2026, 15:30
Q A Reader Asker

A Reader How much deposit do I need to get a good mortgage rate in the UK?

A PoundWise Team Answered by

PoundWise Team: Many UK mortgages are available with a deposit of around 5%, but a larger deposit usually means a lower loan-to-value (LTV) ratio and may give you access to more competitive rates. A 10%, 15% or 20% deposit can widen your choice, although lenders will also assess your income, credit history, debts and affordability. Remember to budget for fees, surveys, moving costs and potential Stamp Duty, not just the deposit. Compare FCA-authorised lenders or speak to a regulated mortgage adviser to understand which deals may suit your circumstances.

This Q&A is editorial content produced by the PoundWise team. It does not guarantee any individual outcome.
Q&A Contact