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Saving for a deposit

Shows how long you'd need to save for a deposit, depending on the price of the property and percentage of its value you need to put down.

Important! The size of your deposit will make a massive difference to the mortgage deal you can find. A bigger deposit gives you more options and lower rates. Plus, the bigger your deposit, the smaller your loan.

£
£
Your current savings meets your deposit needed.
£
%

You need to save £{{resultValueSave | currency : "" :0}} for your deposit

This will take {{resultTotalTime }} so you would have it in {{ resultEndDate }}

You want to save £{{resultValueSave | currency : "" :0}} for your deposit by {{ resultEndDate }}

So you need to save £{{resultsData.totals.monthly_payment | currency : "" :0 }} per month

Your savings

The nerdy bit

The graph shows how long it'll take you to build up the deposit needed, and the date you'll have this to hand. Remember as you build up your savings you'll benefit from compound interest – a core building block for savings. You don't just earn interest on the money you originally save, but you also earn interest on the interest. Slotting away as much as possible will give you access to the best deals.

IMPORTANT! Please read...

This information is computer-generated and relies on certain assumptions. It has only been designed to give a useful general indication of costs.

It's important you always get a specific quote from the lender and double-check the price yourself before acting on the information. We cannot accept responsibility for any errors (please report faults above).