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How big was your deposit?
jamtart6
Posts: 8,302 Forumite
I am intrigued as to how much deposit people can afford to put down on a house as we're currently saving for a deposit ourselves. So thought Id do my first poll... (I saw the interest rate thread and thought it was a useful thread!) :money:
:ABeing Thrifty Gifty again this year:A
How much is/was your deposit? or What size deposit are you aiming for? 96 votes
0% - I have a 100% mortgage
8%
8 votes
5%
10%
10 votes
10%
25%
24 votes
20%
19%
19 votes
30%
19%
19 votes
50%
10%
10 votes
75%
4%
4 votes
100% - I paid the house off in full when I bought it
2%
2 votes
0
Comments
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Our first house it was £5k. we have just bought a new house (moving in 2 day) we put £17k on this one....0
-
20% We took the equity out of our other house to put down the deposit on current house, it would have 30%+ if we had sold the other house.0
-
I got a 100% mortage in 1997.0
-
we're aiming for 10% which is about £15k
:ABeing Thrifty Gifty again this year:A
0 -
Put down £20k (10%) for my first home 18 months ago0
-
i put down a 93% deposit......really wanted to go the whole hog and buy outright, but i was bringing funds back from france and didn't know what the exchange rate was going to do. (glad i did it in november not now!!!!) also it meant i could have some furniture and have a small bit put by for emergencies. :rolleyes:
PO xx
2010 MFW Challenge No. 112 Mortgage paid in full 27/08/10 I was MF!!!
But now I'm not - (Joint) Mortgage £104704.New MFW target £5000 overpayments by 31/12/2105 £400/£5000 = 8%SAVINGS TARGET - £25000 by 31/12/2015 £13643/£25000 = 55%No 17 Lewis Lane0 -
poppyoscar wrote: »i put down a 93% deposit......really wanted to go the whole hog and buy outright, but i was bringing funds back from france and didn't know what the exchange rate was going to do. (glad i did it in november not now!!!!) also it meant i could have some furniture and have a small bit put by for emergencies. :rolleyes:
PO xx
can I marry you??:rotfl: only kidding 93% is brilliant, good on you
:ABeing Thrifty Gifty again this year:A
0 -
we're aiming for somewhere between 15-25%, which would be around £25k. we're over the half way point, which is a nice feelingknow thyselfNid wy'n gofyn bywyd moethus...0
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2.5% on my first house with my ex in 1992. Even then we had to borrow the money (£1125!) from his Dad and pay it back. When we split in 2003 the prices had gone up so much, he bought me out for 60k.
I used 55k of that as a 30% deposit on a place a mile up the road, identical size etc.
Times have definitely changed!"Stay Wonky":D
:j:jBecome Mrs Pepe 9 October 2012 :j:j0 -
I got a 100% in 2003 as I didnt have a deposit and was on my own. Then remortgaged to a better deal a year or so later as the prices were going up.
If I had a choice I would save as much as physically able whilst still leaving yourself a bit for improvements.0
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