Quick Answer
Average property prices in Edinburgh are around £290,000. Most buyers need a 10–25% deposit. Use our mortgage calculator to check your monthly repayments.
- Whole-of-market brokers see deals comparison sites never list, especially for non-standard income
- Loan-to-value bands (95/90/85/80/75%) drive pricing — check the nearest band boundary
- Start remortgage shopping up to 6 months before your fix ends — you can lock now and switch if rates fall
Insider Notes
The remortgage window is a free option too few people use. Most lenders let you secure a new rate up to 6 months before your current deal ends — if rates rise you're protected, and many lenders let you switch to a cheaper deal before it starts.
Product fees deserve as much attention as rates. A £1,499 arrangement fee on a lower rate beats a fee-free deal only on larger loans — roughly £150,000+ for typical gaps. Below that, fee-free wins despite the higher headline rate.
Decision in principle first, property search second. It's a soft-search estimate of your borrowing power that estate agents increasingly require before viewings, and it surfaces credit-file surprises while there's still time to fix them.
Mortgages in Edinburgh
Buying a home in Edinburgh? This guide covers everything you need to know about getting a mortgage, from local average house prices to the best lenders available to Edinburgh buyers.
Average House Prices in Edinburgh
According to the ONS House Price Index, the average property price in Edinburgh is approximately £290,000. Prices vary significantly by area, property type, and condition.
| Property Type | Avg Price | Min Deposit (10%) |
|---|---|---|
| Flat / Apartment | See Rightmove | Check monthly |
| Terraced House | See Rightmove | Check monthly |
| Semi-Detached | See Rightmove | Check monthly |
| Detached | See Rightmove | Check monthly |
Getting a Mortgage in Edinburgh
The mortgage process in Edinburgh is the same as anywhere in England/Wales/Scotland. You'll need to:
- Check your credit score at Experian or CheckMyFile
- Get an Agreement in Principle (AIP) from a lender
- Find a property and make an offer
- Submit your full mortgage application
- Receive your mortgage offer and complete
First Time Buyers in Edinburgh
If you're a first-time buyer in Edinburgh, you may qualify for the Help to Buy scheme, Lifetime ISA, or Shared Ownership. First-time buyers also pay reduced stamp duty.
Bad Credit Mortgages in Edinburgh
Have a CCJ, IVA, or missed payments? Specialist lenders including Precise Mortgages, Aldermore, and Pepper Money offer bad credit mortgages across Edinburgh and the UK. You'll likely need a larger deposit (15–25%).
Calculate Your Edinburgh Mortgage
Use our free mortgage calculator to estimate monthly payments based on property prices in Edinburgh. Our stamp duty calculator will show your tax bill.
Related Guides
Frequently Asked Questions
Yes, though your options narrow. Specialist lenders accept defaults and CCJs older than 12 months, typically at higher rates. Rebuilding your score for 6–12 months first often saves thousands.
Typically 3 to 6 months depending on the lender. New-build purchases often get extended validity because completion dates slip.
Expect roughly £2,000–£4,000 covering valuation, legal work, searches and any lender arrangement fee. Stamp duty applies above the current threshold.
A decision in principle usually uses a soft check, which leaves no mark on your score. The full application is a hard check — so avoid multiple full applications in quick succession.
There is no universal answer. A 5-year fix buys certainty; a 2-year fix costs less if rates fall. Check the total cost including fees, not just the headline rate.
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