Talk to a Bankruptcy Lawyer. Enter Your Zip Code to Find Local Bankruptcy Lawyers. If you are facing foreclosure, bankruptcy might be able to help. In many cases, filing Chapter 7 bankruptcy can delay the foreclosure by a number of months. Some people may be able to save their home by filing for Chapter 13 bankruptcy.alk to a Bankruptcy Lawyer. Enter Your Zip Code to Find Local Bankruptcy Lawyers. If you are facing foreclosure, bankruptcy might be able to help. In many cases, filing Chapter 7 bankruptcy can delay the foreclosure by a number of months. Some people may be able to save their home by filing for Chapter 13 bankruptcy.
Minimum mortgage deposit. In the current mortgage market youâll need a deposit of at least 5% of a propertyâs value to get a mortgage. A lender would then lend you 95% of the propertyâs value.So, if you wanted to buy a Â£150,000 property you would need to save up at least Â£7,500 and borrow Â£142,500.But 5% is just the minimum; there are a few different reasons why you would usually be better off with a bigger mortgage deposit. lender would then lend you 95% of the propertyâs value. So, if you wanted to buy a Â£150,000 property you would need to save up at least Â£7,500 and borrow Â£142,500. But 5% is just the minimum; there are a few different reasons why you would usually be better off with a bigger mortgage deposit.
The current Help to Buy scheme only applies to new-build properties, but will be expanded to older homes from January 2014. Q I am a 25-year-old teacher and live in Kent with my boyfriend who is a PhD student. We rent a shoe box at a cost of Â£600 a month, which allows us to save towards a deposit to buy a house. It will soon be enough if we were to buy using the government Help to Buy scheme. However, I have read so many articles about the negatives of this policy I am doubting whether this is a good idea.