The Big Deposit Myth - How Much House Deposit Should You Put Down?

When saving for a house deposit, it is easy to believe the story that the bigger your deposit size, the better off you will be financially.

The theory goes that if you can save a bit longer until you get an extra 5% of a deposit together, you will drop interest rate bands and save money!

But is this really true?! And if so, how much money can you save, and is it worth it? Let’s check it out!

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Ts&Cs: These videos are provided for information and entertainment purposes only. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this video may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

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#Investing #Money_Unshackled #MoneyUnshackled #house_deposit #mortgage_deposit #how_big_should_my_mortgage_deposit_be #how_big_should_my_house_deposit_be #house_deposit_uk #15_percent_deposit #10_percent_deposit #20_percent_deposit #should_i_use_a_20_percent_deposit #what_is_the_best_deposit_size_uk #mortgage_deposit_uk #house_deposit_bands #best_interest_rates_for_deposit #mortgage_interest_rates #house_interest_rates #save_money_on_mortgage #mortgage_payoff #pay_down_mortgage

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