Although it’s possible to get a loan for a house deposit, many mortgage lenders will reject your mortgage application if you’re using a personal loan to pay the deposit.
Mortgage lenders carefully assess your affordability to make sure you can afford the repayments on your home. If you’re paying interest on a loan for the deposit on top of your mortgage repayments, you’ll likely be considered higher risk. That means if you are accepted for a mortgage, it’s likely to be more expensive.