The mortgage market has tightened up somewhat but provided you have strong income and a stable job history or no debts, then 95% is still an option for you. We now have 4 or 5 different options if you are borrowing over 80%. In all instances they only apply to people with decent incomes –
In the current market, it has become harder for First Home Buyers to get a mortgage. Lenders almost always require a 20% deposit. Your parents can help by topping up your deposit or they can act as a guarantor. Deposits Parents can gift you a deposit, but often they will want to avoid the tax
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