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Mortgages · Preston

Mortgages in Preston. The typical home needs £18,810 down.

The average home in Preston is £188,103 in the UK House Price Index for August 2026, up 3.6% on a year earlier. With a 10% deposit of £18,810, you would borrow £169,293.

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Mortgages in Preston: a Homie illustration
  • £188,103average home, UK HPI
  • £18,81010% deposit
  • £37,621household income at 4.5× the loan
  • £0stamp duty for a first-time buyer
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The short answer

Mortgages in Preston, in 30 seconds

The price
The average home in Preston is £188,103.
The deposit
10% is £18,810. 5% deposit mortgages exist, but the rates are higher.
The income
Many lenders cap borrowing at around 4.5 times income, so a £169,293 loan needs roughly £37,621 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

Preston house prices since 2016

From £134,665 to £188,103. Up 22.2% over five years.

2016 2019 2022 2025 2026
Average price each year to August 2026, Preston.

Nearby

How Preston compares with its neighbours

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

FAQ

Mortgages in Preston: your questions

How much deposit do I need to buy in Preston?

At the average price of £188,103, a 10% deposit is £18,810 and 5% is £9,405. A bigger deposit usually unlocks lower rates.

What salary do I need for a mortgage in Preston?

With 10% down on the average home, the loan is £169,293. At 4.5 times income that means around £37,621 a year. Each lender sets its own limits, so treat this as a starting point.

Have Preston house prices gone up?

Over five years the average home is up 22.2%, and over the last year it is up 3.6%.

How do Preston house prices compare with nearby towns?

The average home in Preston is £188,103. It costs more in Chorley (£216,624). It costs less in Blackpool (£138,065) and Burnley (£136,703).

The rest of your move

Everything else for Preston

Mortgages nearby

Ready when you are, Preston.

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

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