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Mortgages · Newark

Mortgages in Newark. The typical home needs £23,652 down.

The average home in Newark (the Newark and Sherwood area) is £236,524 in the UK House Price Index for August 2026, up 3.2% on a year earlier. With a 10% deposit of £23,652, you would borrow £212,872.

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Mortgages in Newark: a Homie illustration
  • £236,524average home, UK HPI
  • £23,65210% deposit
  • £47,305household income at 4.5× the loan
  • £0stamp duty for a first-time buyer
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The short answer

Mortgages in Newark, in 30 seconds

The price
The average home in Newark is £236,524.
The deposit
10% is £23,652. 5% deposit mortgages exist, but the rates are higher.
The income
Many lenders cap borrowing at around 4.5 times income, so a £212,872 loan needs roughly £47,305 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

Newark house prices since 2016

From £165,151 to £236,524. Up 15.9% over five years.

2016 2019 2022 2025 2026
Average price each year to August 2026, Newark and Sherwood.

Nearby

How Newark compares with its neighbours

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

FAQ

Mortgages in Newark: your questions

How much deposit do I need to buy in Newark?

At the average price of £236,524, a 10% deposit is £23,652 and 5% is £11,826. A bigger deposit usually unlocks lower rates.

What salary do I need for a mortgage in Newark?

With 10% down on the average home, the loan is £212,872. At 4.5 times income that means around £47,305 a year. Each lender sets its own limits, so treat this as a starting point.

Have Newark house prices gone up?

Over five years the average home is up 15.9%, and over the last year it is up 3.2%.

How do Newark house prices compare with nearby towns?

The average home in Newark is £236,524. It costs less in Nottingham (£189,547) and Mansfield (£184,895).

The rest of your move

Everything else for Newark

Mortgages nearby

Ready when you are, Newark.

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

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