04/12/2021
The 80:20 golden rule is not so shiny!
Although it is recommended to have a house deposit of 20%, people often think it’s a requirement.
Some lenders can offer loans with only a 10% deposit and if your financial records indicate stability, they could go down to a 5% deposit. However, lenders usually apply a lender’s mortgage insurance to protect themselves from risky low deposit loans.
