First home · England · Checked August 2026
How much deposit for a first home in England
Weezz shows information and estimates from your figures, not financial advice.
Most England lenders ask for at least 5% of the purchase price as a deposit. A larger deposit often means a lower rate and a smaller monthly repayment. The right figure for you is the cash you still need after savings, not a slogan.
Deposit sizes people compare
| Deposit | Loan to value |
|---|---|
| 5% | 95% LTV |
| 10% | 90% LTV |
| 15% | 85% LTV |
| 20% | 80% LTV |
On a £300,000 home, 5% is £15,000 and 10% is £30,000. On a £400,000 home, 10% is £40,000. Those are deposit-only numbers. Stamp duty and typical extras sit on top.
What the gap really is
Your deposit gap is the deposit target minus what you have saved, plus cash you still need for England stamp duty and typical buying costs (solicitor, survey, arrangement, removals, insurance). Counting only the deposit understates the cash to complete.
- Type a house price and a deposit percent.
- Add what you have saved and what you can put aside each month.
- See the remaining cash and how many months of saving would close it.
Schemes and lower deposits
First Homes and shared ownership can mean less cash up front in some areas. Weezz does not check whether you qualify for those schemes, a Lifetime ISA, or any government product. Use the cash you actually have when you run the numbers.
When you are ready, open the deposit gap calculator and type your figures. The result is an estimate from what you enter, not advice.
Type your figures in the calculator. Create an account later if you want to keep planning in Weezz.