Deposit normally 20% of house value although investments are pledge-able (eg pensions)
You can usually borrow such that no more than 33% of your gross salary is spent in the mortgage repayments.
Which means you can borrow a
LOT, if you are confident enough and you are
really really want to.
dave
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| I think you'll find the most common reason is money. At the prices for houses and the deposits required...
Or, for those with cash but an undetermined amount of time they'll live here, the rules governing selling on. | |
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