How much will you need?

Saving for a house deposit

How much deposit will I need to buy?

Typically you need 5-10% of the property value for a mortgage deposit to buy a house. The other 90-95% is borrowed from the mortgage lender.

Remember the bigger your deposit, the smaller your mortgage and the less interest you'll pay in the long term. A larger deposit could also help you get a better mortgage deal.

Calculate how much mortgage you could borrow based on your deposit savings.

Information Message

You could buy your new home with just a 5% deposit

6 simple deposit saving tips

  1. 1

    Set a savings goal


    Use our tool to track your progress

    Work out how much deposit you'll need and, if you have a NatWest savings account and are registered for Online Banking, use our savings goal tool to track your progress.

    Our savings goal tool is available to existing customers with an instant access savings account. Mobile App criteria applies.

  2. 2

    Make saving as easy as spending

    Let your bank do the hard work for you by rounding up your everyday spending to boost your savings. When you pay with your debit card, the amount will be rounded up to the nearest pound, sending the spare change straight into your savings account.

    Save your spare change with Round Ups

    Check out our very own Round Ups tool to find out how we can help you save for your new home. Available to customers with an eligible current account, an eligible instant access savings account and the Mobile App. Applies to debit card and contactless device payments in sterling only. Mobile App criteria applies.

  3. 3

    Cut back where you can

    Are there any little luxuries you could cut back on to reach your goal quicker? 

    Remember to cancel unused gym memberships and consider cutting out the mid-week takeaway. 

  4. 4

    Create a budget and stick to it


    Take a close look at your spending

    Our Spending feature within the app tells you everything you need to know, from categorising your spend to surfacing personalised insights. You can even set budgets to help keep you on track.

    Spending Tracker is available to customers aged 16+ who have a Personal or Premier account with us. Mobile App criteria applies.

  5. 5

    Start saving


    Standing orders can make it easy

    Set up a standing order to transfer money to a savings account as soon as you've been paid. You can use one of our savings accounts to save for your deposit.

  6. 06

    Help from elsewhere

    Perhaps you could move back home to save money on rent? A gifted deposit could also be a potential option to help, depending on your circumstances.

    If that's not ideal you could consider buying a property with a friend or family member. There are also government-backed schemes designed to help first-time buyers.

10 ways to help you save

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