How much deposit do I need for a mortgage?
The size of the deposit needed to buy a home can vary substantially depending on the value of the property and the type of mortgage the buyer can afford. We’re happy to chat with anyone to find out the right mortgage situation for them.
Mortgages calculated by deposit size
We believe in providing a personal service and ensuring that everyone gets the very best mortgage to suit their individual circumstances. As such, your deposit size isn’t the only thing we use to calculate which mortgages will suit you best. If you’ve got your eye on a particular property and aren’t sure whether or not you’ve got enough deposit yet, give us a call: we’ll do our best to help you get you where you want to be.
Mortgages calculated by deposit can obviously vary hugely, but we offer packages to suit nearly every type of buyer:
Mortgages for first time buyers
If you’re taking your first step onto the property ladder, then our qualified mortgage consultants are here to help guide you through what can be quite a complicated process, especially first time round! We’ll do our best to help you find the perfect mortgage.
Mortgages for landlords
We offer mortgages to those with less than three properties in their portfolio. As well as our standard mortgages, we offer specific Buy to Let mortgages for those wishing to rent out property to tenants.
Mortgages for self-builders
For some, nothing less than their dream home will do. We offer tailored self-build mortgages to suit those renovating, converting or starting their dream home from scratch.
Mortgages for those looking to remortgage
We understand that circumstances change, and regularly work with people who want their current mortgage to work for them, rather than against them.
If you’d like to find out more, give us a call today on 0330 123 0773.
95% LTV or 5% Deposit Mortgages
Finding the right mortgage depends on a number of different factors, one of which is how much of a deposit you have to put down initially. While some people may have half the value of the property already in equity, others might just be taking their first step on the ladder having saved up that precious initial five percent.
Find a mortgage to suit your deposit90% LTV or 10% Deposit Mortgages
As a very general rule, the greater the deposit you can provide, the lower the mortgage rate you may be able to access. If you can put down a larger deposit it’s almost always worth it and should also help to reduce your monthly repayments - but always check mortgage rates carefully.
Find a mortgage to suit your deposit85% LTV or 15% Deposit Mortgages
We know that everyone's situation is different, which is why we offer mortgages tailored to suit a number of different factors. One of the main ones is the size of the deposit you’re planning to put down on your chosen property - and the general rule of thumb is the more the better.
Find a mortgage to suit your deposit80% LTV or 20% Deposit Mortgages
We have tailored mortgages to suit people with larger deposits, like if someone has saved hard and managed to gather 20% or more of their dream property’s value. Or perhaps they’ve held a repayment mortgage for a while, so they have sufficient equity in their property and only need to borrow 50% of their property value.