Mortgage Deposit
If you can afford to pay a deposit when you take out a mortgage, you'll usually get a better deal from the lender.
This is because your deposit will ensure you have equity in your home as soon as you buy it, which translates to a lower risk for the lender.
The level of deposit required varies from deal to deal - higher risk mortgages such as Self Certified Mortgages will usually require a deposit in the 10-20% range, while other more standard mortgages may only require 5%.
100% mortgages - those where you provide no deposit at all - are available, but will usually have a higher interest rate.
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