I'm finally able to save funds for a deposit to get back into the property market. I have been told by a broker that these days lenders will lend up to 95% with LMI. I asked him about the normal 10% deposit required on exchange and he said that in the current market, vendors are more willing to accept a lower deposit, say 5%, as it makes little, if any difference to them once settled. This all makes sense to me, but I'm just wondering if anyone here has had recent experiences with low deposit purchases and would like to share their thoughts.
Many thanks.
Many thanks.