| How much deposit on a house? |
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financechoices
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| How much deposit on a house? |
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The property situation is such in the UK that you can buy many houses with a 100% mortgage. If possible what is a realistic target to pay up front? Or is a 100% mortgage best?
UK Finance Forum | Loans | Credit Cards
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Sat Sep 10, 2005 7:28 am |
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Rolo
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Why pay for something sooner than you have to? (assuming there aren't extra costs with funding > 80% LTV)
"Expect me when you see me."
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Sat Sep 10, 2005 9:06 pm |
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tss4
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I can't speak to mortgages in the UK, but in the US, mortgages that are for more than 80% of the house value are usually at higher interest rates. That may still be fine, it just depends on your personal situation.
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Sat Sep 10, 2005 10:02 pm |
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financechoices
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quote:
Originally posted by tss4
I can't speak to mortgages in the UK, but in the US, mortgages that are for more than 80% of the house value are usually at higher interest rates. That may still be fine, it just depends on your personal situation.
That's very true and certainly something to consider.
UK Finance Forum | Loans | Credit Cards
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Sun Sep 11, 2005 2:03 pm |
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ScottRigot
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It's always best to put as much down as possible so as to avoid interest.
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Thu Sep 15, 2005 6:49 pm |
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ushomeloans
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owner occupied 100% no problem and not that much of a different rate. But a investment Non owner Occupied, 100% is hard to get, and higher rates.
Thanks,
Chris Kemp
US Home loans
chriskemp@us-homeloans.net
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Fri Sep 16, 2005 12:34 am |
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Rolo
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quote:
Originally posted by ScottRigot
It's always best to put as much down as possible so as to avoid interest.
It depends.
"Expect me when you see me."
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Fri Sep 16, 2005 6:16 am |
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MattL
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I don't know if this applis in the UK, but you also want to put down 20% and forego mortgage insurance. It's money down the drain and it is a pain to try to get it cancelled when you reach 20% equity.
$$$ Debt Elimination
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Thu Sep 22, 2005 6:50 pm |
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