How Much Deposit Do First-Time Buyers Need? | 0%, 5% & 10% Mortgages Explained

How much deposit do you need to buy your first home? 🏡 In this video, we explain first-time buyer mortgage deposits, including 5% deposit mortgages, 100% mortgages and zero-deposit options – plus why putting down a bigger deposit could potentially give you access to better mortgage rates. We cover: 🏠 How much deposit a first-time buyer may need 💷 5% deposit mortgages 🔑 100% / zero-deposit mortgages 📉 How your deposit can affect mortgage rates ⚠️ The risk of negative equity 👨‍👩‍👧 Using a gifted deposit from family 💡 Other ways you could potentially boost your deposit 📘 FREE FIRST-TIME BUYER GUIDE Thinking about buying your first home? We've put together a free guide covering mortgage options and schemes that could help you get onto the property ladder: 👉 https://mewstonemortgageadvice.co/ftb1 🎥 NEW TO THE MORTGAGE PROCESS? Watch our guide to Mortgage Agreements in Principle (AIPs) next: https://youtu.be/GCv6vq6rWoQ Mewstone Mortgage Advice are independent, whole-of-market mortgage advisers based in Plymouth, helping first-time buyers across Plymouth, the South Hams and throughout the UK. 👍 If you found this useful, please like the video and subscribe for more straightforward mortgage advice. Got a first-time buyer question? Drop it in the comments below – we may answer it in a future video. #FirstTimeBuyer #MortgageDeposit #FirstTimeBuyerMortgage #MortgageAdvice #MortgageBroker Your home may be repossessed if you do not keep up repayments on your mortgage. Mortgage availability and lending criteria vary. Eligibility is subject to individual circumstances, affordability, credit status and lender criteria.