Most lenders require a minimum deposit of 5% of the property’s value providing you have a high enough credit score. A larger deposit can secure better interest rates. It is sometimes possible to purchase with £0 deposit through schemes like Shared Ownership & Co Ownership, providing you meet the criteria. It’s important to note that without a deposit you will still need funds available to pay for other costs such as mortgage fees, legal fees, and moving costs.
Frequently Asked Questions
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