Mortgages · Leicester

Mortgages in Leicester. The typical home needs £22,688 down.

The average home in Leicester is £226,881 in the UK House Price Index for August 2026, down 1.5% on a year earlier. With a 10% deposit of £22,688, you would borrow £204,193.

Mortgages in Leicester: a mortgage adviser Homie with a key and a clipboard by a sold sign

£226,881average home, UK HPI
£22,68810% deposit
£45,376household income at 4.5× the loan
£0stamp duty for a first-time buyer

The short answer

Mortgages in Leicester, in 30 seconds

The price: The average home in Leicester is £226,881.
The deposit: 10% is £22,688. 5% deposit mortgages exist, but the rates are higher.
The income: Many lenders cap borrowing at around 4.5 times income, so a £204,193 loan needs roughly £45,376 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

Leicester house prices since 2016

From £146,983 to £226,881. Up 13.7% over five years.

Average price each year to August 2026, Leicester.

Nearby

How Leicester compares with its neighbours

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

Market Harborough £341,706+15.1%
Melton Mowbray £286,469+12.9%
Ashby-de-la-Zouch £282,397+15.6%
Loughborough £270,351+17.1%
Hinckley £258,960+15.6%
Leicester £226,881+13.7%

FAQ

Mortgages in Leicester: your questions

How much deposit do I need to buy in Leicester?

At the average price of £226,881, a 10% deposit is £22,688 and 5% is £11,344. A bigger deposit usually unlocks lower rates.

What salary do I need for a mortgage in Leicester?

With 10% down on the average home, the loan is £204,193. At 4.5 times income that means around £45,376 a year. Each lender sets its own limits, so treat this as a starting point.

Have Leicester house prices gone up?

Over five years the average home is up 13.7%, and over the last year it is down 1.5%.

How do Leicester house prices compare with nearby towns?

The average home in Leicester is £226,881. It costs more in Market Harborough (£341,706) and Melton Mowbray (£286,469).

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