Skip to content
Call us on: 01604 60 95 60
GET IN TOUCH

Get in touch

In need of legal advice? Leave us a message, we’d love to hear from you!




    X Close

    VIEW ALL FAQ

    How much deposit will I need?

    A deposit is paid on exchange of contracts. Traditionally this is 10% of the purchase price.

    However, if you are buying a new home and at the same time you are selling your own home, your solicitor can often make use of your buyer’s deposit. In such circumstances, you will not have to find any deposit at all!

    If you not selling, then the amount of the deposit will depend upon the amount your mortgage lender is prepared to lend against the property. Recently, this percentage has been more than the traditional 10%.

    Back To Top
    Search