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What Counts As A High Deposit for a Mortgage? When we talk about a ‘HIGH’ deposit, we usually mean anything above 25%.  For many, a 10% deposit is more common, but if you can stretch to 25%, 50%, or even more, you’re in a stronger position. A larger deposit does more than just unlock BETTER […]

What is a Gifted Deposit? A gifted deposit is simply money given to you to help buy your home. The best part? You don’t have to pay it back. This is different from a loan, where you’d have to worry about extra debt.  The person who gives you the money, like your parents or a […]

What is the Deposit Unlock Scheme? The Deposit Unlock Scheme is a mortgage initiative that lets you buy a new build home with just a 5% deposit. This is a lifeline for first-time buyers and home movers in the UK. To qualify for the scheme, you need to: Launched in June 2021 by a collaboration […]

How Much Deposit Do I Need for a Second Mortgage? For a second home, most lenders ask for a minimum of 15-20% of the property’s price. This can vary based on your financial situation and the property’s value. If you’re eyeing a buy-to-let property, the stakes are a bit higher. Here, you’re likely looking at […]

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 […]