B Bigfoot Registered User Messages 63 7 Oct 2005 #1 Hi, Is the deposit paid on a 2nd hand property always 10%? If I'm getting a 92% mortgage should I not pay 8% deposit? Thanks
Hi, Is the deposit paid on a 2nd hand property always 10%? If I'm getting a 92% mortgage should I not pay 8% deposit? Thanks
C ClubMan Registered User Messages 50,690 7 Oct 2005 #2 10% is common but not always the standard. In addition it can be negotiable. Ask your solicitor to inquire about negotiability if necessary.
10% is common but not always the standard. In addition it can be negotiable. Ask your solicitor to inquire about negotiability if necessary.