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Deposit Savings Calculator
How to Use
Enter your target house price, required deposit percentage, current savings, monthly saving amount, and savings interest rate to calculate how long it will take to save your deposit. A 10% deposit is the minimum for most lenders, but a 15% or 20% deposit typically unlocks significantly better mortgage rates. Using a Lifetime ISA adds a 25% government bonus on contributions up to £4,000 per year for first-time buyers.
Frequently Asked Questions
❓ Frequently Asked Questions
Most lenders require a minimum 5–10% deposit. A 15–25% deposit unlocks the best mortgage rates and is the target for most buyers.