When buying your first home, working out how much deposit you can afford and finding out how much money you will be able to borrow is a priority. After all - if you do not know how much you will be able to borrow, you will not know what price bracket of houses to be looking in.
Generally, the more deposit you can put down the better. Usually you will be asked for 5% of the purchase price. In certain circumstances, some mortgages will be available with 100% loan to value. This means that you would not need to put a deposit down in advance.
Feel free to get in touch with us if you would like more information.
Generally, the more deposit you can put down the better. Usually you will be asked for 5% of the purchase price. In certain circumstances, some mortgages will be available with 100% loan to value. This means that you would not need to put a deposit down in advance.
Feel free to get in touch with us if you would like more information.
