Skip to main content Skip to footer

Deposit. Would you need one?

Hi, me and my partner would like to become first time buyers but we don't really have a deposit saved. If we were looking at auctions, would we need one and if so how much?

Asked on May 6 2010, General in Gosport | Report content

Answers (3)

Was this question useful? Yes 1 No 0

Sort by: Oldest | Recent | Highest rated

  • If your purchasing at auction you have to pay on the day approximately 10% or more of the purchase price in cash/building society cheque. !! i.e. you are committed to handing over money immediately.

    Answered on May 15 2010, Report content
  • We have some 'First Time Buyer' Packages, which give excellent advice on all aspects when buying your first property. We can offer you mortgage advice, explain the buying process and answer any further questions which you may have.

    Answered on May 26 2010, Report content
  • Mortgage companies are starting to loosen their criteria in lending. There are some great initiatives for first time buyers out there which require a reasonably low deposit. As a first time buyer, I would recommend to look at reposessions for lower priced properties, as a lot require updating, rather than going to the auction room. If you need any further help please feel free to ask!

    Answered on Nov 4 2010, Report content

Didn't find what you were looking for? Ask a question

More General in Gosport questions on AskMe

See more AskMe Q&A about General