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95% Mortgage at exchange deposit query

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[Deleted User] Posts: 0 Newbie

16 March 2022 at 12:16PM

I've never known it to cause an issue so not anything to worry about. Just good to get it out the way sooner rather than later

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MoneyGeoff Posts: 257 Forumite

16 March 2022 at 1:17PM

Here are some links to explain the difference between the mortgage deposit and the exchange deposit.

https://www.simpsonmillar.co.uk/media/mortgage-deposit-and-exchange-deposit-explained-uk/
https://www.unbiased.co.uk/life/homes-property/what-s-the-difference-between-a-mortgage-deposit-and-an-exchange-deposit
https://forums.moneysavingexpert.com/discussion/5956685/exchange-deposit-and-mortgage-deposit

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