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Mortgages · Peterborough

Mortgages in Peterborough. The typical home needs £23,163 down.

The average home in Peterborough (the City of Peterborough area) is £231,634 in the UK House Price Index for August 2026, down 1.3% on a year earlier. With a 10% deposit of £23,163, you would borrow £208,471.

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Mortgages in Peterborough: a Homie illustration
  • £231,634average home, UK HPI
  • £23,16310% deposit
  • £46,327household income at 4.5× the loan
  • £0stamp duty for a first-time buyer
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The short answer

Mortgages in Peterborough, in 30 seconds

The price
The average home in Peterborough is £231,634.
The deposit
10% is £23,163. 5% deposit mortgages exist, but the rates are higher.
The income
Many lenders cap borrowing at around 4.5 times income, so a £208,471 loan needs roughly £46,327 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

Peterborough house prices since 2016

From £163,390 to £231,634. Up 13% over five years.

2016 2019 2022 2025 2026
Average price each year to August 2026, City of Peterborough.

Nearby

How Peterborough compares with its neighbours

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

FAQ

Mortgages in Peterborough: your questions

How much deposit do I need to buy in Peterborough?

At the average price of £231,634, a 10% deposit is £23,163 and 5% is £11,582. A bigger deposit usually unlocks lower rates.

What salary do I need for a mortgage in Peterborough?

With 10% down on the average home, the loan is £208,471. At 4.5 times income that means around £46,327 a year. Each lender sets its own limits, so treat this as a starting point.

Have Peterborough house prices gone up?

Over five years the average home is up 13%, and over the last year it is down 1.3%.

How do Peterborough house prices compare with nearby towns?

The average home in Peterborough is £231,634. It costs more in Cambridge (£470,360) and Ely (£340,059).

The rest of your move

Everything else for Peterborough

Mortgages nearby

Ready when you are, Peterborough.

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

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