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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To ask how much you had for a house deposit

93 replies

smileplease6 · 23/05/2018 19:59

Not something I can ask people in real life Grin

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

OP posts:
adaline · 23/05/2018 22:09

10% - 6k.

SteviebunsBottritrundle · 23/05/2018 22:09

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

peachgreen · 23/05/2018 22:10

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.

Triskaidekaphilia · 23/05/2018 22:20

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.

PseuDenim · 23/05/2018 22:21

£125k on £750k

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

BarbarianMum · 23/05/2018 22:24

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.

BarbarianMum · 23/05/2018 22:25

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

fanominon · 23/05/2018 22:30

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

MumOfTwoMasterOfNone · 23/05/2018 22:38

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!!

BlitheringIdiots · 23/05/2018 22:47

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

Gotta love rising house prices and repayment mortgages :-(

Ladi85 · 24/05/2018 10:02

I think that’s very good

FullOfJellyBeans · 24/05/2018 10:05

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.

Hotpinkangel19 · 24/05/2018 10:08

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?

StormcloakNord · 24/05/2018 10:12

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!

harrietm87 · 24/05/2018 10:16

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.

StarUtopia · 24/05/2018 10:18

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

rainingcatsanddog · 24/05/2018 10:19

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

PonderLand · 24/05/2018 10:37

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!

PonderLand · 24/05/2018 10:42

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

listsandbudgets · 24/05/2018 10:42

First house £40k (house was £215k)

Second house £150k

user1495490253 · 24/05/2018 10:50

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

mrsm43s · 24/05/2018 11:35

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%

Snowflakes1122 · 24/05/2018 11:36

That's good going. We had 10%

Snowflakes1122 · 24/05/2018 11:42

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

Snowflakes1122 · 24/05/2018 11:43

Wrong thread

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