As part of calculating your mortgage, we will ask how much money you have to put towards the deposit for your mortgage.
The minimum amount you would have to contribute is a 5% mortgage deposit (so, a 95% loan-to-value mortgage), although this minimum may differ depending on what type of mortgage you are looking for.
If you had a 10% mortgage deposit, and were purchasing a property for £200,000, your deposit would amount to £20,000.
The size of your mortgage deposit will have a direct impact on your monthly repayments, and the overall cost of your mortgage. Therefore, it's an important thing to consider if you are planning to purchase a property.