I think this is the most appropriate forum for it, apologies if it isn't.
I'm currently saving for my first home and I've managed to get a mortgage in principle. I'm looking at some properties which I can afford if I put together what I've saved plus the amount the bank is willing to lend me.
However one thing I am not sure of, is whether or not it's possible to put down a deposit of for example, 7.5-9.5%? All I read about are deposits in multiples of 5%.
Obviously when it comes to such a large amount of money I often find myself in that 7-9% range when I'm looking at desirable homes. I'm just wondering whether lenders tend to accept such amounts for deposits.
If you have any other mortgage-related advice it would be enormously appreciated as well
I'm currently saving for my first home and I've managed to get a mortgage in principle. I'm looking at some properties which I can afford if I put together what I've saved plus the amount the bank is willing to lend me.
However one thing I am not sure of, is whether or not it's possible to put down a deposit of for example, 7.5-9.5%? All I read about are deposits in multiples of 5%.
Obviously when it comes to such a large amount of money I often find myself in that 7-9% range when I'm looking at desirable homes. I'm just wondering whether lenders tend to accept such amounts for deposits.
If you have any other mortgage-related advice it would be enormously appreciated as well