Minimum Deposit
Most lenders require at least 5% of the property value.
Example:
- £300,000 home = £15,000 deposit
Is a Bigger Deposit Better?
Yes.
A larger deposit:
- Reduces your monthly payments
- Gives access to better interest rates
What Is Loan to Value (LTV)?
This is the percentage you borrow vs the property value.
Example:
- 90% LTV = 10% deposit
How to Save Your Deposit Faster
- Set a monthly savings goal
- Reduce unnecessary spending
- Use savings accounts or ISAs
Get Help Understanding Your Options
Everyone’s situation is different.
Speak to a mortgage adviser to plan your next step.
Need help? Speak to Jack Gear Financial today for clear, no-jargon mortgage advice.
