How much deposit do I need for a house? New build figures by region

The deposit on a typical new build

Most mortgages need a deposit of at least 5% of the price, and the more you put down the lower the rate tends to be. On the middle asking price of a new home for sale in England today, £399,995, that works out at:

The middle price is the median: as many new homes for sale cost less as cost more. A 2 bedroom new home has a middle asking price of £285,000 and a 3 bedroom home £345,000, so the deposit on the home you want may be well below or above the figure for England.

Region by region

The same deposits on the middle asking price of each region's new homes for sale, cheapest region first:

10% deposit5% deposit

1. North EastMiddle price £310,000£31,000£15,500 at 5%
2. Yorkshire and The HumberMiddle price £334,995£33,500£16,750 at 5%
3. East MidlandsMiddle price £360,000£36,000£18,000 at 5%
4. West MidlandsMiddle price £370,000£37,000£18,500 at 5%
5. North WestMiddle price £389,995£39,000£19,500 at 5%
6. South WestMiddle price £394,995£39,500£19,750 at 5%
7. East of EnglandMiddle price £450,000£45,000£22,500 at 5%
8. South EastMiddle price £504,725£50,473£25,236 at 5%
9. LondonMiddle price £550,000£55,000£27,500 at 5%

Source: NewHomeSearch listings: every new home for sale in England, read 12 November 2026.

Show the figures

A 5% and 10% deposit on the middle new build price, by region

Region	Middle price	5% deposit	10% deposit	15% deposit	Stamp duty, first-time buyer	Stamp duty, home mover
North East	£310,000	£15,500	£31,000	£46,500	£500	£5,500
Yorkshire and The Humber	£334,995	£16,750	£33,500	£50,249	£1,749	£6,749
East Midlands	£360,000	£18,000	£36,000	£54,000	£3,000	£8,000
West Midlands	£370,000	£18,500	£37,000	£55,500	£3,500	£8,500
North West	£389,995	£19,500	£39,000	£58,499	£4,499	£9,499
South West	£394,995	£19,750	£39,500	£59,249	£4,749	£9,749
East of England	£450,000	£22,500	£45,000	£67,500	£7,500	£12,500
South East	£504,725	£25,236	£50,473	£75,709	£15,236	£15,236
London	£550,000	£27,500	£55,000	£82,500	£17,500	£17,500

In North East the middle new home costs £310,000, so a 5% deposit is £15,500. In London it costs £550,000 and a 5% deposit is £27,500. Where you buy changes the deposit more than any other choice you make.

Stamp duty on top

Stamp duty is paid on completion, from your own money, on top of the deposit. A first-time buyer in England pays nothing on the first £300,000 of a home costing up to £500,000; a home mover pays nothing on the first £125,000.

Home moverFirst-time buyer

1. North EastMiddle price £310,000£5,500£500 first-time
2. Yorkshire and The HumberMiddle price £334,995£6,749£1,749 first-time
3. East MidlandsMiddle price £360,000£8,000£3,000 first-time
4. West MidlandsMiddle price £370,000£8,500£3,500 first-time
5. North WestMiddle price £389,995£9,499£4,499 first-time
6. South WestMiddle price £394,995£9,749£4,749 first-time
7. East of EnglandMiddle price £450,000£12,500£7,500 first-time
8. South EastMiddle price £504,725£15,236£15,236 first-time
9. LondonMiddle price £550,000£17,500£17,500 first-time

Source: NewHomeSearch listings: every new home for sale in England, read 12 November 2026. Stamp duty bands from GOV.UK.

Show the figures

Stamp duty on the middle new build price, by region

Region	Middle price	5% deposit	10% deposit	15% deposit	Stamp duty, first-time buyer	Stamp duty, home mover
North East	£310,000	£15,500	£31,000	£46,500	£500	£5,500
Yorkshire and The Humber	£334,995	£16,750	£33,500	£50,249	£1,749	£6,749
East Midlands	£360,000	£18,000	£36,000	£54,000	£3,000	£8,000
West Midlands	£370,000	£18,500	£37,000	£55,500	£3,500	£8,500
North West	£389,995	£19,500	£39,000	£58,499	£4,499	£9,499
South West	£394,995	£19,750	£39,500	£59,249	£4,749	£9,749
East of England	£450,000	£22,500	£45,000	£67,500	£7,500	£12,500
South East	£504,725	£25,236	£50,473	£75,709	£15,236	£15,236
London	£550,000	£27,500	£55,000	£82,500	£17,500	£17,500

On the middle new build price in England, £399,995, a first-time buyer pays £4,999 in stamp duty and a home mover £9,999. These are England's rates; Scotland and Wales have their own taxes. Our guide to stamp duty on new builds explains the bands, and the stamp duty calculator works out the tax on any price.

Is a 5% deposit enough?

Yes, for many buyers. Lenders offer mortgages at 95% of the price, and the government's mortgage guarantee scheme exists to keep them available. But a 95% mortgage costs more each month: lenders charge a higher rate the more of the price they lend. Here is what a 2 year fixed rate costs a month on the middle new build price at each deposit the Bank of England quotes:

1. 5% deposit5.7% on £379,995£2,205 a month
2. 10% deposit5.37% on £359,996£2,015 a month
3. 15% deposit5.26% on £339,996£1,880 a month
4. 25% deposit5.13% on £299,996£1,634 a month
5. 40% deposit5.01% on £239,997£1,290 a month

Source: Bank of England, quoted household interest rates (Bankstats G1.3), via HomePortfolio, read 12 November 2026. Price: NewHomeSearch listings: every new home for sale in England.

Show the figures

What a 2 year fix costs a month on the middle new build

Deposit	Loan	Rate	A month
5% (£20,000)	£379,995	5.7%	£2,205
10% (£40,000)	£359,996	5.37%	£2,015
15% (£59,999)	£339,996	5.26%	£1,880
25% (£99,999)	£299,996	5.13%	£1,634
40% (£159,998)	£239,997	5.01%	£1,290

Our article on mortgage rates by deposit size shows the Bank of England's quoted rates at each deposit, and what each costs a month on a typical new build.

Each lender sets its own criteria for new homes, so a mortgage adviser can tell you which lenders will lend at 95% on the home you want.

Builder deposit contributions

51.6% of the new homes for sale carry at least one offer stated by the builder or on the listing. They include deposit contributions, paid stamp duty, mortgage contributions and help with moving.

A deposit contribution is not the same as your own deposit. The builder must declare every incentive to your lender on the UK Finance Disclosure Form, and some lenders take a cash incentive off the price before they work out how much of it they will lend. Ask how the lender will treat an offer before you count it towards your deposit. The offer comparison tool shows which of two offers is worth more to you, and our guide to new build incentives explains each kind.

The other costs

The deposit and stamp duty are the two big sums. On top of them come:

• Legal fees, for the conveyancing, which on a new build includes checking the contract, the plot boundaries and any estate charges;
• A survey or snagging inspection, which on a new build is often a snagging survey rather than a valuation survey;
• Mortgage fees, for arranging the loan, sometimes added to it;
• Moving costs, and the furniture, curtains and flooring a new home often needs.

The cash needed calculator adds every one of these up on a real home, with the incentives the builder offers, and our guide to the cost of buying a new build explains each.

How we worked it out

The middle asking price of England and of each region is the median of the stated prices of the new homes NewHomeSearch lists as for sale today, read each day from the builders' own websites and the listings portals through HomePortfolio. Homes that are reserved, sold subject to contract or coming soon are left out, as are shared ownership homes stating only a share price, and a region is shown once it has at least 20 homes for sale.

Each deposit is that share of the middle price. Stamp duty is worked out by the same purchase tax engine as our calculators, from the bands in force today as published on GOV.UK, for a buyer of one home who is not a non-UK resident. Every figure is worked out again from the day's listings each time the page is opened. It is an illustration, not advice.