Marc von Grundherr
June 19, 2026, 07:24 AM IST
Most buyers aim for a deposit of at least 10% of the property price to secure a mortgage
With a 10% deposit, lenders may offer better mortgage rates and lower monthly payments
Higher deposits, like 15–20%, can improve affordability and give access to cheaper mortgage deals
Remember to budget for other costs, such as legal fees, stamp duty, and surveys, in addition to your deposit
Understanding deposit requirements early helps you plan your London property purchase with confidence