deposit

Nationwide cracks down on mortgage borrowers relying on parents for deposit

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End of the Bank of Mum and Dad? Nationwide tell first time-buyers to prove they SAVED 75% of deposit themselves Nationwide will crack down on first-time buyers relying heavily on their parents Buyers need to prove at least 75 per cent of mortgage money is from own saving  Survey by Savills revealed 40 per cent … Read more

Number of low deposit deals continues to fall despite Nationwide re-entering the market

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Is the mortgage crunch really over? Experts warn deals for borrowers with small deposits are likely to remain limited for some time Number of deals for 10 per cent deposit borrowers continued to fall this month This is despite lenders like Nationwide and Coventry BS reintroducing products Experts predict deal numbers will continue to ‘ebb … Read more

Boost for first-time buyers as lenders offer 10% deposit mortgages 

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Boost for first-time buyers as lenders bring back mortgages for borrowers with a 10% deposit By Miles Dilworth For The Daily Mail Published: 22:01 BST, 21 July 2020 | Updated: 23:05 BST, 21 July 2020 Lenders are bringing back mortgages for borrowers with a 10 per cent deposit in a boost for first-time buyers. Nationwide … Read more

Nationwide lowers first-time buyers’ minimum deposit to 10%

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Nationwide Building Society will lower the minimum deposit it requires from first-time buyers to 10 per cent from July 20. It follows the Government’s announcement last week that people getting on or moving up the housing ladder will pay no stamp duty on the first £500,000 of their purchase when they move home. The stamp … Read more

Will I lose my deposit if I back out of a new-build home purchase?

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I bought an off-plan flat in Battersea two years ago but so far have only paid a deposit.  As property prices are expected to fall as a result of the coronavirus I do not want to complete the transaction and buy the property.  But if I back out now can I still get my 10 … Read more

I have only paid the deposit for an upcoming trip. Should I cancel now or pay the £1,600? 

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We have a 10 day trip booked at the end of May to Corfu. My wife, young daughter and I booked it through LoveHolidays and the flights are with Ryanair. The trip came to just over £2,000, but luckily I only paid for 20 per cent upfront with American Express. We are due to pay … Read more

How to remortgage with a small deposit as lenders pull deals

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Homeowners who bought with a small deposit and are now nearing the end of their fixed or tracker rate deal could find themselves forced onto a higher interest rate, pushing monthly payments up significantly.    Most lenders say they will honour the Government promise to offer homeowners struggling financially due to coronavirus a mortgage payment holiday … Read more

House builder says cancer patient MUST buy their home or face losing deposit despite coronavirus.

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Craig Aynsley and his partner Claire, pictured in happier times before he fell ill with cancer Craig Aynsley, 46 from Northumberland, has been unable to work for five years after two separate battles with cancer – but thought his life had turned a corner last year after finding his dream home. After putting down a … Read more

I moved flat last weekend, during the coronavirus outbreak. Can I get my deposit back in 10 days?

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I moved flat last weekend, thankfully just before the Government lockdown, but have still got access to my old flat for the week. I am currently using it as my office during the day before returning to the other flat, which is a one minute walk away, in the evening. With everything happening at the … Read more