We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Is it possible to get a mortgage with less that 10% deposit?

13»

Comments

  • ad44downey
    ad44downey Posts: 2,246 Forumite
    would_be_FTB wrote: »
    we can't afford to buy unless prices fall naother 15%
    Don't worry, they will. And then some more.
    Krusty & Phil Madoff, 1990 - 2007:
    "Buy now because house prices only ever go UP, UP, UP."
  • ninky_2
    ninky_2 Posts: 5,872 Forumite
    as a first time buyer you may well be eligible for the own home scheme which provides 100 percent funding for your home.

    http://www.ownhome.co.uk/servlet/Satellite?cid=1213946567253&pagename=CFScombi/Page/CFSCtplBlank

    look at pros and cons on other parts of the forum.
    Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron
  • WhiteThierry
    WhiteThierry Posts: 166 Forumite
    would_be_FTB wrote: »
    The problem for us is that although we have over 10% we can't afford to buy unless prices fall naother 15%




    or you could always buy something cheaper
  • scousethife
    scousethife Posts: 926 Forumite
    mitchaa wrote: »
    The initial question was...

    Is it possible to get a mortgage with less than a 10% deposit

    So why have we got regulars here stating No when they know fine well there are 95% LTV mortgages out there:confused:

    5% is less than 10% so the answer to the question is YES

    Claire..a whole load for you to look at

    http://www.money.co.uk/mortgages/95-mortgages.htm

    If you have £5000 saved, you will obviously need another £2500 just to make the deposit.

    Yeah but 5 grand is less than 5% of 150 grand
    Hi, we’ve had to remove your signature. The one where you showed us Dithering Dad is a complete liar. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE Forum Team
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture