Minimum mortgage deposit. In the current mortgage market you’ll need a deposit of at least 5% of a property’s value to get a mortgage. A lender would then lend you 95% of the property’s value.So, if you wanted to buy a £150,000 property you would need to save up at least £7,500 and borrow £142,500.o calculate how much you’ll need to save for your mortgage deposit, there are two things you should consider: 1  Typical property prices in your area – you can get a rough idea of this from websites such as Rightmove or Zoopla, but speak to local estate agents to get the most accurate information.
http://www.which.co.uk/money/mortgages-and-property/guides/mortgage-deposit-explained/how-much-deposit-do-i-need-for-a-mortgage/
This leaves you with the deposit that you feel you can afford to put down towards the cost of your home. How much you can borrow as a mortgage will depend on: 1  the size of your deposit.2  Your deposit will almost certainly have to be at least 10% of the value of the property (and often more), so the size of your deposit limits how much you can borrow.his leaves you with the deposit that you feel you can afford to put down towards the cost of your home. How much you can borrow as a mortgage will depend on: 1  the size of your deposit.
http://hoa.org.uk/advice/guides-for-homeowners/i-am-buying/how-much-can-i-afford/
The cheapest mortgage deals on the market will typically require you to have a 40% deposit or more, so on a £150,000 property this would mean a deposit of £60,000. However, saving up a 40% deposit is unrealistic for many people.o calculate how much you’ll need to save for your mortgage deposit, there are two things you should consider: 1  Typical property prices in your area – you can get a rough idea of this from websites such as Rightmove or Zoopla, but speak to local estate agents to get the most accurate information.
http://www.which.co.uk/money/mortgages-and-property/guides/mortgage-deposit-explained/how-much-deposit-do-i-need-for-a-mortgage/
1 Your deposit will almost certainly have to be at least 10% of the value of the property (and often more), so the size of your deposit limits how much you can borrow. 2  For example, if you only have a deposit of £20k, you will be allowed to borrow at most £180k.his leaves you with the deposit that you feel you can afford to put down towards the cost of your home. How much you can borrow as a mortgage will depend on: 1  the size of your deposit.
http://hoa.org.uk/advice/guides-for-homeowners/i-am-buying/how-much-can-i-afford/
Pumping more of your savings into your mortgage can get you a better rate. Mortgage and remortgage rates are priced in LTV bands-and the bigger deposit/equity you have, the lower the interest rate will be. Mortgage lenders have different prices for loan-to-value bands at 60%, 70%, 75%, 80%, 85%, 90% and 95%.The impact of a lower LTV can save you a huge amount of cash (see table).o calculate this, simply subtract your deposit/equity as a percentage of the property value from 100%. So if you've a 20,000 deposit on a 100,000 home, that's a 20% deposit. This means you owe 80% - so the LTV is 80%.
http://www.moneysavingexpert.com/mortgages/how-much-can-i-borrow
To calculate this, simply subtract your deposit/equity as a percentage of the property value from 100%. So if you've a 20,000 deposit on a 100,000 home, that's a 20% deposit. This means you owe 80% - so the LTV is 80%.Similarly, if you're remortgaging, and you own 20% of the value of your home, you'll need a remortgage deal for the remaining 80% - this is your LTV.o calculate this, simply subtract your deposit/equity as a percentage of the property value from 100%. So if you've a 20,000 deposit on a 100,000 home, that's a 20% deposit. This means you owe 80% - so the LTV is 80%.
http://www.moneysavingexpert.com/mortgages/how-much-can-i-borrow
1 For example, if you only have a deposit of £20k, you will be allowed to borrow at most £180k. 2  how much outstanding debt you have from other lenders (eg bank loans, credit card debts). 3  your income. 4  Some banks can lend up to five times salary, although these are maximum figures.his leaves you with the deposit that you feel you can afford to put down towards the cost of your home. How much you can borrow as a mortgage will depend on: 1  the size of your deposit.
http://hoa.org.uk/advice/guides-for-homeowners/i-am-buying/how-much-can-i-afford/
90%, 95% and 100% mortgages. The number of 90% and 95% mortgages on the market is on the increase so provided you meet lenders’ affordability criteria if you have a 10% or 5% deposit it may be possible for you to get a mortgage.o for a £200,000 house you would need to have £20,000 in savings for a 90% mortgage or £10,000 in savings for a 95% mortgage. However 100% mortgages, where you don’t need any deposit, are virtually non-existent unless you have additional financial help from your family.
https://mortgageadvisers.which.co.uk/first-time-buyer/how-big-a-deposit-do-i-need/
For instance, If you have $6000 to put in, deposit $1000 ever month for 6 months in 6 month CD’s. For the first 6 months, you will be losing a little possible interest but after that you will continually have access to $1000 in case you need it.or instance, If you have $6000 to put in, deposit $1000 ever month for 6 months in 6 month CD’s. For the first 6 months, you will be losing a little possible interest but after that you will continually have access to $1000 in case you need it.
http://www.getrichslowly.org/blog/2008/11/03/put-your-savings-on-steroids-with-certificates-of-deposit/
The size of your mortgage deposit will make a real difference to the best mortgage deal you can find, and even whether you can get a mortgage at all. We explain how much deposit you need to save, and how to get the best mortgage for you.o calculate how much you’ll need to save for your mortgage deposit, there are two things you should consider: 1  Typical property prices in your area – you can get a rough idea of this from websites such as Rightmove or Zoopla, but speak to local estate agents to get the most accurate information.
http://www.which.co.uk/money/mortgages-and-property/guides/mortgage-deposit-explained/how-much-deposit-do-i-need-for-a-mortgage/
how much will 20k deposit get
The 20K deposit will get  only have a deposit of £20K and it  will be allowed to borrow at most £180K.