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95% Mortgage

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minnie76 | 20:06 Mon 29th Apr 2013 | Home & Garden
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looking at getting a mortgage and was wondering if 95% are a good idea!!! any suggestions on home buying would be much appreciated :0)
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Avatar Image bushbaby_de
Well if you can only afford a 5% deposit they are a good idea, but you should always put down the biggest deposit you can afford to get a better rate and be better protected against house prices falling, changes in financial situation etc.
20:31 Mon 29th Apr 2013
Avatar Image Old_Geezer
When house prices fall you may not think it is a good idea. Nor when rates rise and you can't afford the interest payment any more. Personally I'd not recommend having such a low stake in a property. I'd suggest patience and opting in when you can put in 2 or preferably 3 times that percentage.
00:10 Tue 30th Apr 2013

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