The minimum deposit required is 5%, but it’s important to note that the lower the deposit in percentage terms, the higher the interest rate will be and the stricter the lender’s credit scoring process will be. The interest rates will improve and the credit scoring process will relax the bigger the deposit you put down…

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A mortgage is a legal charge over the property you purchase, effectively a loan secured against the property which means the lender will be named on the title deeds as having a financial interest in the property. The mortgage gives you the finance needed to purchase the property, and all the while the mortgage is…

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