To ask how much you had for a house deposit

[smileplease6]

Not something I can ask people in real life

We are looking to buy - is a 30% deposit about average, good or not so good? This if for a £350k house.

10% - 6k.

We had 25%. Still struggled to get a mortgage based on salary though. We did manage in the end.

We put down 15%. Couldn't afford 20% so we went for the next "band" in terms of interest rates and kept some savings back for home improvements. Spent £10k and increased the value of the house by ~£20k almost immediately. Hooray.

We had a 5% deposit (3.5k) 2.5years ago. We were really lucky this was availible otherwise we would be stuck paying much higher rent.

£125k on £750k

About to exchange. What have we done????

First home (flat) 8k in 2001. Was 20% of total property price.
Current home put down 120k in 2008. Basically entire proceeds from dh's Edinburgh flat.

Oh yeas, forgot to say. 120k was 50% of purchase price.

Our deposit was 15% for our first place and we thought we were amazing - you're doing great OP :-)
Most recent house buy (our third place), we had about 70% as deposit, so things have got better!

Good luck with your move

10% with ex for first house
25% of house on my own after split (smaller and cheaper)
DP and I are looking to move in the next year or two to a bigger property as we know have 2 DC and I'm hoping we will can scrape a 40% deposit for a better rate but it depends on what is available at the time I guess! It will be 10 years since my first house purchase.
30% for a FTB is amazing, well done!!

1st property 0%
2nd property 5%
3rd property 42%
4th property 47%
5th property 67%

Gotta love rising house prices and repayment mortgages :-(

I think that’s very good

We had 20% as first time buyers on a £500k house. We were also less desirable as I was between jobs at the time and DH (who is to be fair a high earner) had signed a new contract but not started a new job. We had only been back in the country 2 years too so didn't have a full 5 year credit check.

We will have around 60,000 as a deposit. We will be FTB though, but credit rating isn't that good. Would we be okay to get a mortgage do you think?

First house - 84K on a 234k house.

I met DP and 8 months later we'd bough a house together. Struck it pretty lucky as lived in council housing and wouldn't have gotten close to the propery ladder if it wasn't for DP and his inheritance!

That's fantastic!

We only had a 5% deposit for our first flat (4 years ago - shared ownership). We were really lucky that it increased in value a lot and we staircases to 100% ownership, so when we sold it 6 months ago we had a 25% deposit for our current house.

I want to know how anyone manages to save £100k?! genuine question...

I think that's very good.
I had 10% as a FTB and 30% as a second time buyer.

We used a help to buy isa. Put 10k in and the govt added the remaining 2k. This was 2016 on a £122k house.

30% sounds really good to me!

@StarUtopia I always assume it's inheritance or a family loan it seems impossible to save that much when buying your first house.

First house £40k (house was £215k)

Second house £150k

We had just under 20% for our deposit, but our house is only worth £65k.

First flat (late 90s) - £15K which was 30%
House (early 00s) - £90K which was 50%
Currently have £500k (100%) equity in this property - but we've massively added value (large extension adding 2 extra bedrooms, plus full renovation) in addition to house price increases. We paid for improvements with savings, not equity release.
BLT (a couple of years ago) - £150K which was 60%

That's good going. We had 10%

And the comment about ducklings might have been crossing? What the actual fuck?

Wrong thread