Mortgages · Melton Mowbray

Mortgages in Melton Mowbray. The typical home needs £28,647 down.

The average home in Melton Mowbray (the Melton area) is £286,469 in the UK House Price Index for August 2026, up 4.1% on a year earlier. With a 10% deposit of £28,647, you would borrow £257,822.

Get started

Mortgages in Melton Mowbray: a Homie illustration

£286,469average home, UK HPI
£28,64710% deposit
£57,294household income at 4.5× the loan
£0stamp duty for a first-time buyer

The short answer

Mortgages in Melton Mowbray, in 30 seconds

The price: The average home in Melton Mowbray is £286,469.
The deposit: 10% is £28,647. 5% deposit mortgages exist, but the rates are higher.
The income: Many lenders cap borrowing at around 4.5 times income, so a £257,822 loan needs roughly £57,294 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

Melton Mowbray house prices since 2016

From £208,146 to £286,469. Up 12.9% over five years.

Average price each year to August 2026, Melton.

Nearby

How Melton Mowbray 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 Melton Mowbray: your questions

How much deposit do I need to buy in Melton Mowbray?

At the average price of £286,469, a 10% deposit is £28,647 and 5% is £14,323. A bigger deposit usually unlocks lower rates.

What salary do I need for a mortgage in Melton Mowbray?

With 10% down on the average home, the loan is £257,822. At 4.5 times income that means around £57,294 a year. Each lender sets its own limits, so treat this as a starting point.

Have Melton Mowbray house prices gone up?

Over five years the average home is up 12.9%, and over the last year it is up 4.1%.

How do Melton Mowbray house prices compare with nearby towns?

The average home in Melton Mowbray is £286,469. It costs more in Market Harborough (£341,706). It costs less in Hinckley (£258,960) and Leicester (£226,881).

The rest of your move