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How much deposit is required on a property

Asked on Oct 22 2013, New Homes in Coventry | Report content

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  • Normally 10% but you can get away with less with the new help to buy scheme. Also the more you can get together the better.

    Answered on Oct 23 2013, Report content
  • Hi, This would vary depending on your lender and how much % of a mortgage they are willing to borrow you however we have just seen the launch of Government Help to Buy Schemes which allow buyers to have a minimum of a 5% deposit. There are 2 options of the Help to Buy Scheme: the Shared Equity option and the Mortgage Guarantee Option. Please see the link below for some handy bits of info on the Help to Buy Mortgage Guarantee Scheme. We hope this helps.

    Web reference:

    Answered on Oct 28 2013, Report content

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