South East Mortgage Calculator 2026
Calculate monthly mortgage payments for South East properties. Average house price: £380,000.
Calculate Your South East Mortgage
Enter your desired property price, deposit, and interest rate to see exact monthly payments and total cost over the mortgage term.
Open South East Mortgage CalculatorBuying a Home in South East — What You Need to Know
The average house price in South East is currently £380,000. This is above the UK national average of approximately £280,000.
To purchase an average-priced property in South East with a 10% deposit, you would need £38,000 upfront, plus additional costs for stamp duty (£6,500), legal fees, surveys, and moving costs. For a 20% deposit (often securing better interest rates), you'd need £76,000.
At current interest rates of around 5%, your estimated monthly mortgage payment on the averageSouth East property would be approximately £1,999 per monthover a 25-year term. This represents roughly 63% of the average South East salary.
South East Mortgage Affordability
Most UK lenders will offer mortgages of 4-4.5 times your annual salary. With the average South East salary of £38,000, this means a typical borrowing capacity of £171,000. To afford the average South East property, you may need:
- A larger deposit to reduce the mortgage amount needed
- A joint mortgage with combined incomes
- First-Time Buyer schemes like Help to Buy or Shared Ownership
- Consider properties below the average price point
South East Mortgage Payments by Deposit (2026)
Estimated monthly repayments on an average South East home (£380,000) over a 25-year term at a 5% interest rate, for different deposit sizes.
| Deposit | Deposit amount | Loan | Monthly | Total interest |
|---|---|---|---|---|
| 10% | £38,000 | £342,000 | £1,999 | £257,789 |
| 15% | £57,000 | £323,000 | £1,888 | £243,468 |
| 25% | £95,000 | £285,000 | £1,666 | £214,824 |
Estimates for illustration only — use the calculator above for figures based on your exact price, deposit, rate and term.
South East Mortgage FAQs
How expensive is property in South East?
At £380,000, South East ranks 2nd of 12 UK regions for average house price — about 10.0× the local average salary of £38,000.
What deposit do I need to buy in South East?
A 10% deposit on the average South East home is £38,000, while a 20% deposit (which usually unlocks better rates) is £76,000. A larger deposit lowers both your monthly payment and the total interest you pay.
What would the monthly payment be on an average South East home?
With a 10% deposit at 5% over 25 years, monthly repayments on an average South East property are around £1,999. A lower rate or longer term reduces the monthly figure but changes the total interest.
Stamp Duty in South East
For the average South East property at £380,000, you would pay approximately £6,500 in Stamp Duty Land Tax (SDLT). First-time buyers may qualify for relief on properties up to £625,000.
Calculate Your Exact Stamp DutyWhat's Your Take-Home Pay in South East?
Know your actual take-home pay to better understand mortgage affordability.
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