How much deposit did you have (%?)

YoungBaker

Hi there
I am currently saving for a deposit for a house and have seen there are a range of offers out there. I know most common is around 10% but have seen some ranging from 5-40%+

Just wondering - how much / what percentage did you have?

tyler80

We put down 20%, we could have just about made 25% but it would have been a stretch and the difference in rates wasn't worth it for us.

We're lucky in that we live in a fairly cheap part of the country so 20% was 'only' 20k

dazeruk

About to purchase a £200,000 flat.

I have a deposit of £40,000 (20%) plus £15,000 spending money.

25% would have been £50,000 which wouldn't have left me enough for furniture, white goods etc.

££sc££

We had a 13% deposit, although this was back in '07 when mortgages were easier to obtain

Jackies

We've got 25% (hoping to by for up to 250,000)

Soot2006

We managed to go in at 40% but I would have felt comfortable with 25% as well and sometimes wish we'd retained a bit more for repairs and decorations as it's been a struggle since buying. We saved diligently for 7 years and so never dared consider the money as being available for anything other than "house deposit" !

BeardedWonder

15% of a £113k property. Some of the deposist people have saved on here could buy our house outright!

YoungBaker

BeardedWonder wrote: »

15% of a £113k property. Some of the deposist people have saved on here could buy our house outright!

Haha I know - it's good to hear from someone in a similair region I hope to get.

We will hopefully be buying a new property from 98-108k and looking to get our deposit saved.

BeardedWonder

Allan_r_123 wrote: »

Haha I know - it's good to hear from someone in a similair region I hope to get.

We will hopefully be buying a new property from 98-108k and looking to get our deposit saved.

Good luck with the saving. once we started looking we were quite surprised with what you can get for that money. We've ended up with a 3 bed semi, with a garden in Prestwich.

Its a new build and on the small side but much more than we thought we'd get.

milliebear00001

25% down this time, which we 'saved' by selling our previous house in 2005. We put down 5% on that house in 2002. This house cost £128,000, previous house cost £105,000 and sold for £149,000.

YoungBaker

BeardedWonder wrote: »

Good luck with the saving. once we started looking we were quite surprised with what you can get for that money. We've ended up with a 3 bed semi, with a garden in Prestwich.

Its a new build and on the small side but much more than we thought we'd get.

Wow thats good. Yeh we are kind of hoping for a new build and at the moment most 2 bed new builds in the area we want are going from 98k-108k so trying to get a deposit within that. Have noticed Clydesdale doing 5% for first time buyers atm so could hopefully fall back on that - presume this would require some major credit rating or something though? (Neither of us have negative credit although )