2 articles tagged with First Time Buyer Deposit.
A bigger deposit unlocks a lower loan-to-value band and usually a cheaper mortgage rate. But saving longer for that extra 5 percent has a cost too. Here is how the trade-off looks for first-time buyers in 2026.
Minimum deposit is 5% but most lenders prefer 10%. On the average UK house price of £285,000, that's £14,250 to £28,500. Here's how deposit size affects rates, SDLT and monthly costs.