Donate SIGN UP
Home > Business & Finance > Budget, Property Purchase

Budget, Property Purchase

Avatar Image
tamborine | 23:28 Thu 21st Mar 2013 | Business & Finance
2 Answers
Is Gov offering 5% towards prop deposit. What is the usual deposit on £200k property?
prev Tax Codes
  
next Santander Cash Isa
Gravatar

Answers

1 to 2 of 2rss feed

Best Answer

No best answer has yet been selected by tamborine. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Avatar Image bednobs
it would depend on how much mortgage you needed. Assuming you need all of it as a mortgage, deposit would probably be between 10-20% (20-40k)
11:19 Fri 22nd Mar 2013
Avatar Image rockyracoon
You have to find 5% (10k), the government will loan a further 15% (30k) to make a 20% (40k) deposit.

Banks have there own ideas about deposits, the best interest rates are when the loan to value of property is 60% or less.
12:13 Sun 24th Mar 2013

1 to 2 of 2rss feed

Do you know the answer?

Budget, Property Purchase

Answer Question >>

Related Questions

Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.