How Much Deposit Do You Need to Buy in Clevedon?
On the £375,000 Clevedon average, a 5% deposit is £18,750, 10% is £37,500 and 15% is £56,250. The gap between those three numbers usually decides your interest rate, not your application.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
On the £375,000 Clevedon average, a 5% deposit is £18,750, 10% is £37,500 and 15% is £56,250. The gap between those three numbers usually decides your interest rate, not your application.
The deposit thresholds Clevedon lenders price against
Lenders price in bands. Crossing from 95% to 90% borrowing, then to 85%, usually moves you to a cheaper rate. On the local average those thresholds are £18,750, £37,500 and £56,250.
The monthly difference is real. Borrowing 95% costs about £2,083 a month on our illustration, against £1,863 at 85%. That is £2,631 a year, before any rate difference between the bands is counted.
Deposit levels on the Clevedon average price
The commercial page for this town sets out the introduction itself: Mortgage advice in Clevedon.
Saving the deposit on a Clevedon income
Buying at the £375,000 Clevedon benchmark needs household income of about £51,000, on the lending multiples used in our town guide. A household on that income saving a tenth of it puts away £5,100 a year.
At that rate a 10% deposit of £37,500 takes about 7 years.
What else the deposit has to cover
The deposit is not the only cash you need. Budget for survey, conveyancing, searches and moving.
Band D council tax in North Somerset is £2,432 a year, and lenders count committed outgoings when they size your loan.
An income requirement near £51,000 keeps this within reach of a single strong income or a modest joint one. That is unusual and worth knowing.
What else Clevedon buyers should know
The schools families ask about here are Clevedon School, St Nicholas Chantry Church of England Primary and Other Clevedon primaries. 1 local school was rated Good or Outstanding overall at its most recent graded Ofsted inspection. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Clevedon to the M5 (J20) takes about 5 min drive.
By price, Clevedon ranks 2 of the 3 North Somerset locations we cover, at £375,000 against a county average of £343,333. Band D council tax here is £2,432, against an average of £2,513 across the towns we cover in the county.
What each budget buys in Clevedon
The full local guide covers schools, transport and the market in detail: Clevedon property and area guide.
| Budget | What it buys here |
|---|---|
| Around £180,000 to £270,000 | A flat or apartment, the more accessible way into the town, popular with first-time buyers and downsizers. |
| Around £270,000 to £480,000 | A terraced or semi-detached family home, the heart of the Clevedon market. |
| £480,000 and above | A detached home, Victorian villa or sea-view house on the sought-after roads, the top of the local market, into seven figures for the finest houses. |
Clevedon is known locally for Clevedon Pier. The elegant Grade I listed pier of 1869, which John Betjeman called "the most beautiful pier in England", the symbol of the town, striding out over the Severn estuary.
Practical detail for Clevedon: the BS21 postcode district.
Families & professionals
People wanting a genteel, characterful seaside town with a Good secondary and well-regarded primaries, near Bristol by the M5, with the pier, the Marine Lake and Poet's Walk on the doorstep.
Retirees & downsizers
People drawn to sea air, level seafront walks, a handsome Victorian town with independent shops and a strong community, a classic, sought-after retirement choice.
Commuters
People happy to use the M5 (J20) for Bristol or drive to Yatton or Nailsea for the train, who want the coast and the city both within reach and quality of life at home.
Clevedon at a glance
| Deposit level | Clevedon figure |
|---|---|
| 5% deposit | £18,750 |
| 10% deposit | £37,500 |
| 15% deposit | £56,250 |
| Monthly at 95% borrowing | £2,083 |
| Monthly at 90% borrowing | £1,973 |
| Monthly at 85% borrowing | £1,863 |
| Income needed at the benchmark price | £51,000 |
| Years to save 10% at a tenth of that income | 7.4 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Clevedon
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- Which lender band your deposit actually reaches
- Any gifted deposit letter, prepared early
- Committed outgoings cleared before the application
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Check broadband before you make an offer in Clevedon
Broadband speeds can vary street by street in Clevedon, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
How much deposit do I need to buy in Clevedon?
Can I buy with a 5% deposit here?
Does a bigger deposit beat a longer term?
How do I check broadband speed at a property in Clevedon?
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