Free mortgage calculator

Low deposit mortgage calculator

Check the numbers on a 5% or 10% deposit purchase.

Built and checked by the advisers at Spolton Mortgages, former bank managers who are CeMAP qualified and FCA registered.

707

Five-star reviews

VouchedFor 2019–2026

Local

Family-run since 2017

Registered · No. 993383

Higher loan to value mortgages usually carry higher rates. A larger deposit can open up cheaper deals.

First-Time Buyer Mortgages First-Time Buyers FAQs

Buying with a smaller deposit

You do not always need a big deposit. With 5% and 10% deposit mortgages available, this calculator shows your deposit, loan to value, loan amount and an estimated monthly payment.

Higher LTV deals tend to cost more, so we compare the whole market to find the most competitive option for your deposit.

Your home/property may be repossessed if you do not keep up repayments on your mortgage.

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What clients say

707 verified reviews, rated 5.0

260 reviews on Google and 447 on VouchedFor for 4 advisers, all independently verified. A 5.0 average across both.

5.0 average · Google & VouchedFor

VouchedFor

Securing a mortgage for buying our first house Nick worked tirelessly to secure us a mortgage offer when this was no easy feat due to the mortgage rates rising daily. We can honestly say we would not have our home today if it wasn’t for Nick at Spolton mortgages! He really is the best! 100%, not only did Nick do everything he could for us, working extra hours to secure us our mortgage he also sorted out our life and home insurance too. Nothing. We cannot fault a single part of the process. Nick went above and beyond to ensure he got us the best deal possible.

Verified client in Lincolnshire

Review of Nick Spolton

VouchedFor

Purchasing a property/lack of personal time John’s been fantastic, going beyond what I would have expected with mortgage advice in regards to key things to check with the seller which may be an issue later on. The process has taken a long time (due to sorting things with the seller) where John was very patient and always in contact to support if needed. Yes

Verified client in Lincolnshire

Review of John Hallam

VouchedFor

We were interested in finding out where we stood with our ability of getting a mortgage. Did we have enough of a deposit, roughly what would we be able to borrow and so on. He was able to walk us through the process clearly and precisely, with great communication and patience. We never felt out of the loop, and was very easy to deal with while being honest and up front with information. Yes, we completed on a house at the end of February. Nothing springs to mind, could not have asked for a better service.

Verified client in Lincolnshire

Review of Seth Jackson

VouchedFor

I was looking to buy my first house on my own at 24 and knew nothing about the process, mortgages etc Nick helped find me the best mortgage deal and explained each process of buying the house right from the start to end so I could understand. any questions I had nick would answer and I felt very supported throughout Yes I finalised on my house in December 2024 with the best mortgage deal available to me at that time I do not believe that there is anything more I could have asked of Nick

Verified client in Lincolnshire

Review of Nick Spolton

VouchedFor

Mortgage advice for new house purchase. Mortgage advice. Yes, good mortgage deal allowing us the purchase the home we wanted. Nothing, excellent service.

Verified client in Lincolnshire

Review of Nick Spolton

707

Five-star reviews

5.0★

Average rating

Read all 707 reviews

From first chat to front-door key

Let’s make your move simple

Free, no-obligation consultation. We listen, compare the whole market, and hand you a clear plan, no jargon.

Free until your offer is approved No jargon, no pressure Whole-of-market advice

Your home/property may be repossessed if you do not keep up repayments on your mortgage.

Our service is free until you receive a fully approved mortgage offer. There may then be a charge which, depending on your circumstances, will typically be £299, payable upon receipt of an approved mortgage offer. Our fee is discounted to £199 for Armed Forces and Blue Light Card holders.

Our fee is discounted to £199 for Armed Forces and Blue Light Card holders.

For remortgages, if best advice is to switch rates with your existing lender then we charge no fee at all.

Your home/property may be repossessed if you do not keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
As with all insurance policies, conditions and exclusions will apply.
Not all Buy to Let Mortgages are regulated by the Financial Conduct Authority.
Equity release is arranged by introduction only.

Spolton Mortgages is a trading style of Spolton Ltd, which is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. FCA Number 993383.

Founded and incorporated on 7 August 2017. Spolton Mortgages is a trading name of Spolton Ltd (FCA Number 993383). Registered Company Number: 10903440 (view on Companies House). Registered in England and Wales.

Registered Office: Spolton Ltd, Spolton Mortgages, 6 Mill House, Carre Street, Sleaford, Lincolnshire NG34 7TW.