How much deposit do I need for a £250K house?

You need £12,500 (5%) minimum deposit, though £25,000 (10%) gets better rates. £37,500-£50,000 gets the best deals.

Can I get a mortgage on £250K house with 5% deposit?

Yes, 95% LTV mortgages exist but rates are higher. You'll need £12,500 deposit plus roughly £7,500 for fees.

For a £250,000 house, you’ll need a minimum deposit of £12,500 (5%), though £25,000-£50,000 (10-20%) secures better rates.

Deposit %	Amount	Mortgage	Best Rate Tier
5%	£12,500	£237,500	Higher rates (~5.5%)
10%	£25,000	£225,000	Good rates (~4.5%)
15%	£37,500	£212,500	Better rates (~4.2%)
20%	£50,000	£200,000	Best rates (~4.0%)

Deposit	Mortgage	Monthly Payment (25yr)	Rate
5% (£12.5K)	£237,500	£1,462	5.5%
10% (£25K)	£225,000	£1,253	4.5%
15% (£37.5K)	£212,500	£1,150	4.2%
20% (£50K)	£200,000	£1,056	4.0%

A 20% deposit saves £406/month compared to 5%.

Cost	5% Deposit	10% Deposit	20% Deposit
Deposit	£12,500	£25,000	£50,000
Stamp duty (FTB)	£0	£0	£0
Stamp duty (mover)	£2,500	£2,500	£2,500
Solicitor	£1,600	£1,600	£1,600
Survey	£450	£450	£450
Arrangement fee	£999	£999	£999
FTB Total	£15,549	£28,049	£53,049

Using Lifetime ISA adds £1,000/year bonus (up to £4,000 contribution).

Scenario	5% Deposit	20% Deposit	Difference
Initial outlay	£12,500	£50,000	+£37,500
Monthly payment	£1,462	£1,056	-£406
Total interest (25yr)	£201,100	£116,813	-£84,287
Lifetime savings	—	—	£46,787

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