Mortgages · Lincoln

Mortgages in Lincoln. The typical home needs £18,229 down.

The average home in Lincoln is £182,294 in the UK House Price Index for August 2026, up 0.3% on a year earlier. With a 10% deposit of £18,229, you would borrow £164,065.

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Mortgages in Lincoln: a Homie illustration

£182,294average home, UK HPI
£18,22910% deposit
£36,459household income at 4.5× the loan
£0stamp duty for a first-time buyer

The short answer

Mortgages in Lincoln, in 30 seconds

The price: The average home in Lincoln is £182,294.
The deposit: 10% is £18,229. 5% deposit mortgages exist, but the rates are higher.
The income: Many lenders cap borrowing at around 4.5 times income, so a £164,065 loan needs roughly £36,459 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

Lincoln house prices since 2016

From £135,163 to £182,294. Up 9.1% over five years.

Average price each year to August 2026, Lincoln.

Nearby

How Lincoln compares with its neighbours

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

Grantham £265,305+18.4%
Gainsborough £210,754+12.1%
Lincoln £182,294+9.1%
Scunthorpe £180,345+12.4%
Boston £180,174+7.6%
Grimsby £146,370+8.5%

FAQ

Mortgages in Lincoln: your questions

How much deposit do I need to buy in Lincoln?

At the average price of £182,294, a 10% deposit is £18,229 and 5% is £9,115. A bigger deposit usually unlocks lower rates.

What salary do I need for a mortgage in Lincoln?

With 10% down on the average home, the loan is £164,065. At 4.5 times income that means around £36,459 a year. Each lender sets its own limits, so treat this as a starting point.

Have Lincoln house prices gone up?

Over five years the average home is up 9.1%, and over the last year it is up 0.3%.

How do Lincoln house prices compare with nearby towns?

The average home in Lincoln is £182,294. It costs more in Grantham (£265,305) and Gainsborough (£210,754). It costs less in Boston (£180,174) and Grimsby (£146,370).

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