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Springboard mortgage deposits
rainbowchaos
Posts: 7 Forumite
Hi,
I dont seem to be able to find out the answer to this despite looking at various mortgage descriptions, so hoping that somebody can clarify.
With the springboard type mortgages, can you put in part of a deposit yourself or must it be just the 10% from whoever is helping out?
I.e. we would be looking at a property price of around 300k, so if 30k was provided by a family member, would we have to then take out a 90% mortgage or could we put our own deposit in on top (around 30k so then have an 80% mortgage) to lower the monthly mortgage cost?
Thanks
I dont seem to be able to find out the answer to this despite looking at various mortgage descriptions, so hoping that somebody can clarify.
With the springboard type mortgages, can you put in part of a deposit yourself or must it be just the 10% from whoever is helping out?
I.e. we would be looking at a property price of around 300k, so if 30k was provided by a family member, would we have to then take out a 90% mortgage or could we put our own deposit in on top (around 30k so then have an 80% mortgage) to lower the monthly mortgage cost?
Thanks
0
Comments
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Barclays you can have the 100% rate of the 95% rate based on your deposit 0-9.9%.
0
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