How much deposit do I need for a mortgage?

Regardless of whether you are a first time buyer, or a home mover, the minimum deposit needed for a mortgage remains the same, at the very minimum you need a deposit equal to 5% of the purchase price of your new home.


Who is eligible for Help to Buy?


The Help To Buy Equity Loan scheme is available to First Time buyers as well as home movers, however, the property you buy through the scheme must be a newly built property and cannot be worth more than £600,000.


How much can I borrow on a mortgage?

The amount you can borrow from each lender will vary depending on many factors. Things like, credit cards, loans and HP will all have an impact on what you  can borrow. 

As a general rule of thumb lenders will lend between 4-5 times Gross income. To get a more accurate figure based on YOUR circumstances contact us today. We NEVER charge an up front fee.

I am self employed can I still get a mortgage?

Yes as long as you have been trading for 18 months or more and/or have 2 years accounts you can apply for a mortgage.

FOR MORE FAQ'S VISIT OUR YOUTUBE CHANNEL Here with have a large range of 3 minute videos released every Thursday that will help you answer your questions.