Hi can anyone confirm that whilst waiting for permanent residence that you will have to pay a 20% deposit to get a morgage.

I understand that I will have to pay stamp duty even under 500k lose the ist time buyer grant but 20% !

warm regards

 

Hi margo,

Welcome to BIB,

Not sure about the exact amount you have to put down as deposit, each bank seem to have their own ideas about that, I believe that you can get lower deposit mortgages through some financial brokers who deal with immigrants, but its a topic I am not well informed about. I hope someone with more knowlege will be able to point you in the right direction.