How Much Deposit Do You Need for a Mortgage?

The bigger the deposit, the more mortgage options you have

Get expert advice on mortgage deposits

In today’s turbulent market, it is difficult to put your finger on how much of a mortgage deposit you need to buy a house. In the past, some mortgage providers didn’t require a deposit but those days are gone, replaced with bigger deposit requirements.

As a rule of thumb, the bigger your mortgage deposit, the more financing options you will have. There are a handful mortgage products that only require 10% of the purchase price but the rates tend to be much higher on these. If you can manage anything closer to 60% to 75% loan to value, you will have many more, cheaper mortgage options.

At the Mortgage Advice Center, we have access to the whole of the UK mortgage market ensuring we find you the right home loan based on your mortgage deposit. We can balance your deposit, monthly payments and fees so you can comfortably afford your new home.

Why Use Mortgage Advice Center?

• Free Mortgage Quotes
• Helpful advice on mortgage deposits
  
• ‘Whole of Market’ Advice – Unrestricted product range
• Access to all mortgage products including Equity Release Mortgages and Remortgages
• Guidance through entire mortgage process from initial quote to completion

Find Out How Much Your Mortgage Deposit Should Be Today

Just fill out the form on the right hand panel and one of our Independent Financial Advisors will get in touch with you to discuss all your options, including how much you should be putting down for your mortgage deposit.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
There may be a fee for Mortgage advice. The precise amount will depend upon your circumstances but we estimate that it will be £250