How much deposit would u put down

[williams345]

Going to start looking at houses this year and wondered what deposit people would put down for a 250,000 house ?

Depends on what you have avaliable and the mortgage offers you find. A family member is a very high earner and when he bought a flat he could easily have bought it in cash. Instead he had an offer of a 1% mortgage for 10% deposit so took put down the 10% saved for 2 years until the deal was up and paid the flat off( leaving him enough to then have an investment property if he wanted). I think most say 10% but ideally 20% if you have it.

Realistically you need a minimum of a 5%, ideally 10%, and I've always found that if you can stretch to 15% then you get a better rate due to LTV. We can't advise without knowing more about your situation though. If you can afford to buy in cash - then go for it!

I would put as much as I possible could into the deposit.

I would put down and much as possible to make the monthly repayments as small as possible but as another poster said, it is hard to say without knowing more

Things like - how secure are your job(s) ? You may want to keep a big chunk of ££ as an emergency fund
How many things do you need to buy for the new place? If you have to buy everything such as beds, fridge, skoda's turnoff course you will have to keep some money back too

*sofa's then of course