How Much Deposit for a £200,000 House UK (2026 Guide)
By Wealthvieu
·
Updated
For a £200,000 house, you’ll need a minimum deposit of £10,000 (5%), though £20,000-£40,000 (10-20%) gets you better rates.
Deposit Options for £200K House
| Deposit % |
Amount |
Mortgage |
Best Rate Tier |
| 5% |
£10,000 |
£190,000 |
Higher rates (~5.5%) |
| 10% |
£20,000 |
£180,000 |
Good rates (~4.5%) |
| 15% |
£30,000 |
£170,000 |
Better rates (~4.2%) |
| 20% |
£40,000 |
£160,000 |
Best rates (~4.0%) |
Monthly Payments by Deposit Size
| Deposit |
Mortgage |
Monthly Payment (25yr) |
Rate |
| 5% (£10K) |
£190,000 |
£1,170 |
5.5% |
| 10% (£20K) |
£180,000 |
£1,002 |
4.5% |
| 15% (£30K) |
£170,000 |
£920 |
4.2% |
| 20% (£40K) |
£160,000 |
£845 |
4.0% |
A 20% deposit saves £325/month compared to 5%.
Total Upfront Costs
| Cost |
5% Deposit |
10% Deposit |
20% Deposit |
| Deposit |
£10,000 |
£20,000 |
£40,000 |
| Stamp duty (FTB) |
£0 |
£0 |
£0 |
| Stamp duty (mover) |
£1,500 |
£1,500 |
£1,500 |
| Solicitor |
£1,500 |
£1,500 |
£1,500 |
| Survey |
£400 |
£400 |
£400 |
| Arrangement fee |
£999 |
£999 |
£999 |
| FTB Total |
£12,899 |
£22,899 |
£42,899 |
Income Required
| Deposit % |
Mortgage |
Income Needed (4.5x) |
| 5% |
£190,000 |
£42,222 |
| 10% |
£180,000 |
£40,000 |
| 15% |
£170,000 |
£37,778 |
| 20% |
£160,000 |
£35,556 |
Saving for Your Deposit
| Monthly Savings |
Time to £20K |
Time to £40K |
| £300 |
5.5 years |
11 years |
| £500 |
3.3 years |
6.7 years |
| £750 |
2.2 years |
4.4 years |
| £1,000 |
1.7 years |
3.3 years |
Using Lifetime ISA adds £1,000/year bonus (up to £4,000 contribution).
First-Time Buyer Schemes
- Lifetime ISA: 25% bonus on savings up to £4,000/year
- First Homes Scheme: 30-50% discount on new builds
- Shared Ownership: Buy 25-75% of property
- Help to Buy equity loan: Closed for new applications
