How much deposit do you need as a first-time buyer
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Saving for a deposit is often the biggest challenge for first-time buyers. This chapter explains how much you need, how to save effectively, and the rules around gifted deposits.
You will learn:
- How much deposit is required depending on mortgage type and property value
- Using Lifetime ISAs to build savings and benefit from government bonuses
- Understanding gifted deposits and how they impact mortgage applications
Topics in this chapter: