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Simply enter the property amount and the minimum mortgage deposit rate dictated by the mortgage lender to calculate how much you will need to save for a mortgage deposit. You can also enter the total amount you currently have saved to see how much more you need to save to have the minimum mortgage deposit required to buy your new home.

The mortgage Deposit Calculator also provides a tier of mortgage deposit amounts and specifies where your current deposit savings are in that range. This simple visual tool allows you to see what type of mortgage deals your deposit amount is likely to secure you. If you find this tool useful you will also like our Mortgage Guide to Deposits which examines the different opportunities you can seize to fund your deposit faster.

Mortgage Deposit Calculator
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Mortgage Deposit Calculation
Deposit PercentageDeposit AmountMortgage Deals
5Basic Mortgage Rates and Deals
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45Best Mortgage Rates and Deals


The Mortgage Deposit Calculation table of results shows the range of mortgage deposits as a percentage of the property purchase price. If you enter the total 'Deposit Saved so far' in the mortgage deposit calculator and arrow will appear to show you where you are in terms of mortgage deposit percentage and how much you need to save to reach the next tier. This allows you to see where you are and how much you would need to save to s=reach the next mortgage deposit tier.

Remember: The larger your mortgage deposit is the better your chances or securing a lower mortgage interest rate. Note that Mortgage Lenders wont necessarily use a linear deposit amount for reducing mortgage rates (linear as above, 5, 10, 15, 20 etc.) they may prefer a logarithmic approval (5,10, 20, 40 etc.). Irrespective of the mortgage lenders preference, the above mortgage depsot table allows you to push for that next tier, when achieved you should ask the mortgage lender if they will negotiate, if not, try another mortgage lender. The higher the mortgage deposit, the more power you have. It may not be the British way but you shouldn't be afraid to haggle. Even if you achieve just a 0.01 % reduction it will save you £££'s, you can calculate the differance that a small percentage makes using our Mortgage Comparison Calculator.

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If you are savings for a mortgage or simply looking to create some additional funds for home improvements etc. why not try our Daily Saving Calculator. It packed full of money saving oppertunities that allow you to make simple financial changes on a daily basis and form positive saving habits.

You may also want to review our Mortgage Deposit Saving Calculator to see how much your mortgage deposit savings could attract during investment or our Monthly Household Budget Calculator to see where you can make positive financial decisions to improve your monthly household cashflow.

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