2 articles tagged with Mortgage Deposit Percentage.
The minimum deposit is usually 5-10% of the purchase price, but the deposit size you choose has a big effect on the mortgage rate you're offered. Here's how deposit size, loan-to-value bands and monthly cost interact.
Minimum deposit is 5% but most lenders prefer 10%. On the average UK house price of £285,000, that's £14,250 to £28,500. Here's how deposit size affects rates, SDLT and monthly costs.