It’s the buying property topic again!
I’m starting to look at buying and I wonder if anyone has ever bought with 5percent deposit?
Since the interest rate are higher on that type of mortgage, then the total amount to repay could potentially make you fall into the negative equity side. Has anyone successfully manage to step into the property ladder with that mortgage type? Also not making any loss?

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Back in 2000 I purchased a flat with 0% down. Great to get on the ladder at that point as I had no deposit but could afford the mortgage. Luckily the place tripled in price when I sold it 10 years later. Even if you’re paying down the mortgage then you’ll get some equity along with an expected price increase especially in London


Thank you Deloitte1, I’m thinking I can raise a 5% deposit in a year for a small property but I’m afraid of the total amount to repay being higher than the value of the property and lose money… it’s probably something that I will be looking at keeping for mid-long term like you said

Pre 2008 some banks lent 125% of value in the hope that you would improve / house prices up. Take a look at Nationwide Helping Hand (if you don't mind locking in 5 or 10 years).


Maybe around 2%? But given how inflation and base rate is going I'd take certainty / extra borrowing.

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