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.
📨 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!
Minimum price/deposit for a 95% mortgage anyone?
leestafford
Posts: 63 Forumite
What is the smallest deposit you need for a 95% mortgage?
HSBC want the minimum property value of £100,000 or £5,000 deposit.
I can't see anything for any of the other lenders though.
I just think that if you want to buy a cheap place for around £40,000 a £2,000 deposit seems a bit small. L
HSBC want the minimum property value of £100,000 or £5,000 deposit.
I can't see anything for any of the other lenders though.
I just think that if you want to buy a cheap place for around £40,000 a £2,000 deposit seems a bit small. L
0
Comments
-
leestafford wrote: »
I just think that if you want to buy a cheap place for around £40,000 a £2,000 deposit seems a bit small. L
Depends on the commercial viability of the transaction. If the lender is charging 6% interest. Then changes the picture.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.8K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.6K Spending & Discounts
- 245.8K Work, Benefits & Business
- 601.9K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards