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Why do you need a deposit for a mortgage?

9 september 2022

If you are thinking of buying a house or apartment, you should know that banks usually lend you a maximum of 80% of the value of the property you want. This means that you should have enough savings to pay a deposit of 20%, plus an additional 10% for the processing costs of the sale…

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  • Why do you need a deposit for a mortgage?

    If you are thinking of buying a house or apartment, you should know that banks usually lend you a maximum of 80% of the value of the property you want. This means that you should have enough savings to pay a deposit of 20%, plus an additional 10% for the processing costs of the sale…

    Read more »