First-time buyer
A first home in Birmingham
The published average for Birmingham local authority was £234,257 in July 2026 (provisional). That is an area statistic, not the price of a home you have found, and MortgageConnector has no office in Birmingham.
Source: UK House Price Index: Birmingham, July 2026 (provisional). Retrieved 2 October 2026.. A 90% mortgage on that average is £210,831. At an example rate of 4.5% over 25 years the repayment is £1,171.87 a month. The rate is an example, not a product in Birmingham. Nearest mortgage-amount page.
| Deposit | Cash | Mortgage |
|---|---|---|
| 5% | £11,713 | £222,544 |
| 10% | £23,426 | £210,831 |
| 15% | £35,139 | £199,118 |
| 20% | £46,851 | £187,406 |
| 25% | £58,564 | £175,693 |
Stamp Duty Land Tax (SDLT): Eligible first-time buyers pay no SDLT on the first £300,000 and 5% on the portion from £300,001 to £500,000. If the purchase price is above £500,000, first-time buyer relief does not apply. Higher rates can apply to additional properties. Calculate tax on £234,257.
MortgageConnector provides free mortgage research and calculators. If you want personalised advice, we can introduce you to an FCA-authorised mortgage broker. We do not provide regulated mortgage advice ourselves.
The matching service is free for you. Partner brokers pay MortgageConnector for introductions. If you ask for an introduction, the details you submit are shared with the selected partner. The broker is responsible for regulated advice. Check the firm on the FCA Register.
Your home may be repossessed if you do not keep up repayments on your mortgage.
Want a broker to look at your own numbers?
An FCA-authorised broker can look at your income, credit and the property. MortgageConnector will introduce you. We do not recommend a mortgage.
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