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Having a deposit is usually essential when obtaining a mortgage. However, the type of deposit can vary quite substantially. For those who have held a repayment mortgage for a while, it could mean sufficient equity in their property to only need to borrow 50% of their property value. For others, it’ll be the first step to pay off their mortgage. At Ipswich Building Society, we offer a range of different mortgages dependent on deposit, a number of which are tailored towards those who have at least 20 per cent of the property’s value ready to go.

20 per cent is considered a good level of deposit, meaning that some good value interest rates can be obtained.

We offer a number of deals to suit different buyers. Because it’s a larger proportion of the total sum, 20 per cent deposits are usually suitable for those that are moving onto their next property, whether through their need to move (perhaps as a young family seeking a larger home) or relocating for work. On some occasions, first time solo buyers may also put down this level of a deposit. It may be that you are a landlord looking for a buy-to-let mortgage. Our buy-to-let mortgage range varies so it’s a worth regularly reviewing our products for the latest offers.

Why should you choose Ipswich Building Society as your mortgage lender?

If you’re looking to obtain a 20 per cent deposit mortgage, then you should give us a call. Here’s why:

  • We’re an independent mutual lender. This means that, unlike a number of other lenders, we don’t have any shareholders that we have to worry about keeping happy. All of our decisions are made with our members in mind.
  • We take a personal approach. Rather than try and shoehorn customers into terms that don’t quite suit them, we take the time to get to know you, in order to ensure that the mortgage you walk away with is the perfect one.
  • We’re experienced. In the end, you deserve the re-assurance that the advice we’re giving you is correct. With over 160 years of experience in providing mortgages to people all over the East of England, we’ve got the knowledge to advise you on your future.

To find out more about the range of 20 per cent deposit mortgages we have on offer, call Ipswich Building Society today on 0330 123 0773.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

 

Mortgage Rate GuideDownload

Full details, including the fees, of our standard mortgage products for borrowers at the end of their current scheme or currently paying the Society's Standard Variable Rate

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Your home may be repossessed if you do not keep up repayments on your mortgage.