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How much deposit do I need?

You will need a minimum of 5% (of the value of the property you want to buy) as a deposit. The more deposit you put in, the better the interest rates will be. This is because the lender takes less risk when you put in a higher proportion of the money. If you put down a 15% deposit, it is likely that you will get a better rate than if you only put down 10%.

How much deposit do I need?
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Your home may be repossessed if you do not keep up repayments on your mortgage.

We charge a fee for our advice, the fee charged will depend on your circumstances- our typical fee is £295.

Model Financial Solutions Limited is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Services Authority.

 

​Company Number: 08237137 Registered in England & Wales
FCA Number: 592442 Compliance No. Sol9192

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