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Mortgages · Birmingham

Mortgages in Birmingham. The typical home needs £23,487 down.

The average home in Birmingham is £234,867 in the UK House Price Index for August 2026, up 1.5% on a year earlier. With a 10% deposit of £23,487, you would borrow £211,380.

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Mortgages in Birmingham: a mortgage adviser Homie with a key and a clipboard by a sold sign
  • £234,867average home, UK HPI
  • £23,48710% deposit
  • £46,973household income at 4.5× the loan
  • £0stamp duty for a first-time buyer
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The short answer

Mortgages in Birmingham, in 30 seconds

The price
The average home in Birmingham is £234,867.
The deposit
10% is £23,487. 5% deposit mortgages exist, but the rates are higher.
The income
Many lenders cap borrowing at around 4.5 times income, so a £211,380 loan needs roughly £46,973 a year, alone or jointly.
The advice
A free consultation with a specialist adviser looks at deals across the market for your own numbers.

Ten years of prices

Birmingham house prices since 2016

From £159,525 to £234,867. Up 12.6% over five years.

2016 2019 2022 2025 2026
Average price each year to August 2026, Birmingham.

Nearby

How Birmingham compares with its neighbours

Average home in each council area, with the change over five years.

FAQ

Mortgages in Birmingham: your questions

How much deposit do I need to buy in Birmingham?

At the average price of £234,867, a 10% deposit is £23,487 and 5% is £11,743. A bigger deposit usually unlocks lower rates.

What salary do I need for a mortgage in Birmingham?

With 10% down on the average home, the loan is £211,380. At 4.5 times income that means around £46,973 a year. Each lender sets its own limits, so treat this as a starting point.

Have Birmingham house prices gone up?

Over five years the average home is up 12.6%, and over the last year it is up 1.5%.

How do Birmingham house prices compare with nearby towns?

The average home in Birmingham is £234,867. It costs more in Solihull (£332,022). It costs less in Walsall (£216,878) and West Bromwich (£207,065).

The rest of your move

Everything else for Birmingham

Mortgages nearby

Ready when you are, Birmingham.

Mortgages for your Birmingham move, tracked in the same Homemove dashboard as everything else.

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