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Discussion in 'Welcome' started by margo, Mar 18, 2010.

  1. margo

    margo Guest

    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

  2. srp

    srp No longer active member

    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.

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