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    • Cupid873
    • By Cupid873 16th Apr 19, 9:16 PM
    • 1Posts
    • 0Thanks
    5% deposit before or after?
    • #1
    • 16th Apr 19, 9:16 PM
    5% deposit before or after? 16th Apr 19 at 9:16 PM
    Stupid question most probably but is the 5% before or after the reduction on new builds?

    Just used a website that's interested me with houses they build and they've done the 5% before so it's alot more than I have saved and thought I'd have to save.

    Can certain companies do this if so or is this generally the figure before the reduction.
Page 1
    • middleclassbutpoor
    • By middleclassbutpoor 16th Apr 19, 9:56 PM
    • 609 Posts
    • 550 Thanks
    • #2
    • 16th Apr 19, 9:56 PM
    • #2
    • 16th Apr 19, 9:56 PM
    You probably need to clarify the question as it's not clear to me.

    What do you mean reductions? If you mean as an example - they are offering a 10k price reduction then the 5% you pay should be net of the 10k.

    If it's a 10k deposit contribution, the % of your deposit will be based on the gross price.
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