There is no doubt that owning your own home can be a very exciting thing. However, the amount of money you have to put down as a deposit will depend on how big of a property you want to buy.
If you’re looking to purchase a new-build house, you’ll need to make sure that you have enough cash to cover the full cost of the building. You should also consider whether you would like to pay off the mortgage yourself or use an equity loan.
When it comes to buying a semi-detached house, you won’t necessarily need to provide a large sum of money as a houses for sale deposit. In fact, many people choose to borrow the rest from their bank or other financial institutions.
A detached house requires more money than either type of property mentioned above. This means that you’ll need to save up a lot of extra cash before you can even start thinking about purchasing one.
You may find that some houses require deposits of around 50% of the price of the house. However, this figure is usually lower for older properties.
In order to get a good idea of what your monthly repayments will be, you should always look at different figures on websites such
