Your deposit size shapes your mortgage options and long-term costs. From 0% guarantor mortgages to 5% government schemes and 10%+ savings that unlock better rates, this guide breaks down how much you really need and how to get started.
How much do you need for a house deposit?
When buying a property, the amount you can put down as a deposit will influence the type of mortgage you qualify for and how much it will cost you overall.
Deposit + Mortgage = Total Purchase Price
The larger your deposit, the better the interest rates and mortgage terms you're likely to be offered. But if you're just getting started on the property ladder, there are options available that can help you move forward with a smaller deposit.
What’s the minimum deposit you can put down?
0% Deposit mortgages (Guarantor Mortgages)
Some lenders offer 100% mortgages, which means you don’t need to provide a deposit at all. These are often known as guarantor mortgages. In this case, a family member or close friend agrees to guarantee the mortgage, often using their own home or savings as security.
It's important to understand the risks involved if you’re unable to keep up with repayments, your guarantor becomes responsible for covering them, and their assets could be at risk.
