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Deposits??

Dear all,

Out of interest, due to this whole credit crunch situation, what percentage of the value of a house tends to be the starting point for deposits these days?

I'd guess it would be at least 20%?

Regards.. Karl

Comments

  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    Depends on your credit history/profile, could be 5%, normally 10%+, the more the better.
  • koexelek
    koexelek Posts: 7,847 Forumite
    10% deposit will do the trick, but rates will be very high

    15% deposit gets you slightly better rates and a wider choice of lenders

    25% needed to get anything like a decent rate though
    I am a Mortgage adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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