Save a mortgage depositYou’ll usually need to save a deposit of at least 5% of the price of the property you want to buy. For example, if you wanted to buy a house worth £200,000 with a 95% mortgage, you would put down £10,000 of your own money and borrow the remaining £190,000. If you’re keen to buy sooner rather than later, you could consider the following options... A Help to Buy equity loan - you save a 5% deposit and the government loans you between 20% and 40% of the property price (depending on where you want to buy) for a new-build home. If the property is old or non-standard, you may want to get a more detailed building survey before you buy. If the property is old or non-standard, you may want to get a more detailed building survey before you buy.

Source: Daily Mail August 18, 2022 05:08 UTC