Quote:
Originally Posted by isleaiw1
You need a 15% deposit these days for a secondhand house. You can manage with 5% with help to buy.
|
We have accepted two offers on our house in the last couple of weeks both from first time buyers with approx. 10% deposits, both could not get mortgages for love or money even though they had been offered to them prior to lockdown.
Banks like Nationwide are self prophesising a market drop of 16-17% so that doesn't help.