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FTB mortgage/deposit confusion

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  • Hello Spikyone- you are absolutely correct and I sadly hang my head in shame - after three years of lurking here and not posting I always got irritated at posters who don't make things clear and I VOWED to not be one - and it looks like I have!!! My 4k is saved with Natwest in a combination of a HTB ISA and an Instant Savings Account which is obviously not an ISA despite confusing me with it's acronym. On my amazingly undetailed excel spreadsheet I use to keep an eye on my finances, they come under one column. Perhaps I should change that.

    I think if I haven't got a 95% mortgage by end of December, I might be better waiting a little longer and getting a 90% LTV one as after next payday I can afford to save a bit more each month.

    My dilemma always seems to be is it best to jump on the property ladder as soon as financially possible, with a small deposit and higer interest rates, or wait longer and save a heftier deposit, but with no guarantee I can save as quickly as house prices rise.
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