Mortgages Online: The Website for Home Buyers
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How Much / Deposit Do I Need ?

 
 

Buying A New Home

A lot of lenders now require a deposit of around 20%, but we are still able to get some home loans done with as little as a 10% deposit. Please call us direct so that we can discuss your situation.

We can also use a guarantee from someone who is willing and has enough equity in an existing property to cover the shortfall of the deposit. This guarantee can be limited to the shortfall amount as well which protects your guarantee a little more.

Buying a Second Property

If you are purchasing a second home, you may be able to use the equity in your existing home as the deposit. Equity is the difference between how much you owe and how much your house is worth.

Please feel free to contact us if you would like any help arranging the above.

 
 
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