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5% deposit mortgages

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  • 5% deposit mortgages

    Has anyone managed to find a high street 5% deposit mortgage. I keep hearing stories that they're hard to find.

    There are several on offer so I cannot understand why clients are having issues - I'd like to hear your version.

  • #2
    Re: 5% deposit mortgages

    You can get a 5% mortage using Help-To-Buy withe the government paying for 20% of the equity. But there are strings attached the main one being you have to buy a rubbish quality, small, dark, overlooked newly built home with little parking!
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    • #3
      Re: 5% deposit mortgages

      I'm not referring to the govenerment assisted schemes - I've got an equity share associate - here's out it works:

      Purchase price - funded by:
      5% deposit
      10% equity share
      85% Halifax mortgage

      This scheme applies to both new builds and older properties alike.
      Last edited by Sean.; 11-05-2013, 12:11 AM. Reason: Adding more information

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