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How Much Deposit Do You Need with Bad Credit? Usually, the worse your credit history, the higher the deposit you’ll need to secure a mortgage.  While someone with excellent credit might get away with a deposit as small as 5%, you might need to think about 15% or even more if your credit history isn’t […]

What Is A Cryptocurrency? You might have heard of Bitcoin and Ethereum. These are types of digital money that exist online and are becoming a popular way to pay for things because they’re quick and don’t need a bank to go through. In the UK, if you’re looking at buying a house with cryptocurrency, the […]

What is a Concessionary Purchase? In a concessionary purchase, you buy a property below market value because someone ‘gifts’ you the difference. This gift, unlike a loan or shared ownership, reduces the purchase price for you. Here’s when concessionary purchases often happen: How Do Concessionary Purchase Mortgages Work? Let’s say your parents want to help […]

How Much Deposit Do I Need For A Buy-To-Let Mortgage? You should expect to need a minimum deposit of 25%. Some lenders might let you pay only 20%, but they will ask you to meet stricter criteria.  Deposits below 20% are quite unusual and have even tougher requirements. For the best mortgage deals, aim to […]

Can I Get a Loan for a House Deposit in the UK? Yes, getting a loan for a house deposit is possible, but it comes with big drawbacks.  Most mortgage lenders do not look favourably on applications that include a borrowed deposit. This is mainly because it increases your debt-to-income ratio.  What does this mean […]

What Is A Mortgage Deposit? A mortgage deposit is the money you pay upfront when buying a home. This sum is part of your total purchase price and is not borrowed from your mortgage lender.  The size of your deposit directly influences the cost of your monthly mortgage repayments, as it determines how much you […]