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  • FIRST POST
    • diggingdude
    • By diggingdude 8th May 18, 7:47 PM
    • 427Posts
    • 579Thanks
    diggingdude
    % deposit
    • #1
    • 8th May 18, 7:47 PM
    % deposit 8th May 18 at 7:47 PM
    Sorry this will seem a stupid question I am sure however a search didn't seem to find the answer for me. I always see that mortgage deposits seem to go up in 5% stages. If I had enough for say a 17% deposit, can I do that and take an 83% mortgage (these are hypothetical figures).

    I'm looking to maximise the LISA by buying may/june next year but putting an extra 4k in in April for a bonus. That would likely push me over the multiples of 5% but wouldn't want to leave what's left in the LISA for 25 years of can't do an odd percentage.

    Blimey I droned on there. Thanks in advance for any replies
    House Deposit - Target 20000 April 2019
    Current Savings - 10225 13121.22 14621.22 16021 1729615171 15971
Page 1
    • ACG
    • By ACG 8th May 18, 7:58 PM
    • 17,800 Posts
    • 9,585 Thanks
    ACG
    • #2
    • 8th May 18, 7:58 PM
    • #2
    • 8th May 18, 7:58 PM
    Yes, the 5% bandings are for the rates. But you can but down 15%, 16% 16.134% if you like.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • diggingdude
    • By diggingdude 8th May 18, 8:04 PM
    • 427 Posts
    • 579 Thanks
    diggingdude
    • #3
    • 8th May 18, 8:04 PM
    • #3
    • 8th May 18, 8:04 PM
    Awesome thanks for the reply
    House Deposit - Target 20000 April 2019
    Current Savings - 10225 13121.22 14621.22 16021 1729615171 15971
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