How Much Deposit for a £200,000 House UK (2026 Guide)

By WealthVieu · Updated
This article is based on data from official government and regulatory sources. How we ensure accuracy

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
WealthVieu
Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

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