Deposit Savings Calculator

What is a home deposit calculator?

A home deposit calculator is an online tool that helps you estimate how much you may need to save each month, and over what period of time, to work towards a deposit. It provides illustrative guidance rather than financial advice, helping you plan your next steps with greater confidence.

How to use our house and apartment deposit calculator

1. Set your savings goal
Enter into the calculator the amount you plan to save towards your home deposit. This helps establish a clear and realistic target.

2. Confirm how much you can save
Tell us how much money you're comfortably able to save on a weekly, monthly or annual basis. When setting this figure, consider your regular outgoings, such as rent, household bills, transport and everyday living costs.

3. Include any savings you already have
If you've already started saving, enter the amount here. This allows the calculator to provide a more accurate estimate of your progress towards your home deposit.

4. Add your annual interest rate
Include the estimated annual interest rate of your savings account to reflect potential growth over time.

5. View your results
The calculator will show how long it could take for you to save up for your home deposit, helping you plan your next steps towards your future new build from Countryside Homes.

How long will it take to reach my goal amount?

What is your goal?

£35,000

How much can you save

£5000

How much have you saved already?

£0

Gross annual interest
rate on your savings (in %)

It will take you until:

(7 years)

to save £35,000

at £5,000 per year

How much deposit do I need to buy a house or apartment?

The deposit you need will depend on the value of the home and your individual financial circumstances.

In most cases, lenders typically require a deposit of between 5% and 10% of the purchase price. For example, if a home is priced at £250,000, a lender may ask for a 10% deposit, which would be £25,000.

Providing as large a deposit as you can comfortably afford can help reduce the amount you need to borrow and result in more favourable mortgage terms.

Why save a bigger deposit?

• More sustainable borrowing

Putting down a larger deposit reduces the amount you need to borrow. This can support more manageable monthly repayments and, in some cases, access to more competitive interest rates.

• Stronger loan-to-value position

A lower loan-to-value (LTV) ratio is often viewed positively by lenders and may open up a wider range of mortgage options, including improved terms.

• Greater long-term security

A higher deposit means you begin with more equity in your home. This can provide added resilience if property values change over time.

Are deposits different for new build homes?

Deposits for new build homes can be higher than those required for older properties. In some cases, lenders may also require a higher deposit for a new build apartment compared with a new build house, as lending criteria can differ.

Most high street lenders will lend on a 95% LTV on a new build home. However, the lending landscape is constantly evolving, so working with an IFA is the best way to keep up to speed with the latest changes.

That said, there are a number of new build home purchase schemes specifically designed to support buyers with smaller deposits – reflecting confidence in well-designed, sustainably built homes that are created to provide long-term value.

What schemes are available to help with new build deposits?

At Countryside Homes, we offer a range of purchase schemes to make moving into one of our homes more accessible. Options that influence deposits include:

• Deposit Contribution – For buyers with a deposit of up to 10%, we may be able to contribute up to 5% of the purchase price, helping to support your overall move.

• Shared Ownership – This enables you to purchase a share of your home and pay rent on the remainder, reducing the size of the mortgage and deposit required.

• First Homes – This government-backed scheme offers eligible first-time buyers the opportunity to purchase a home at a discount of at least 30%, helping to reduce the amount needed upfront.

If you would like to explore which options may be suitable for you, get in touch with our sales consultants – we're on hand to provide you with clear guidance and support.

More ways we can help you move

Home Exchange

If you need a hand selling your current home, our Home Exchange scheme guarantees a buyer for your property.