how much deposit do you pay on exchange
You will have to pay a deposit on exchange of contracts a few weeks before the purchase is completed and the money is received from the mortgage lender. The deposit is often 10% of the purchase price of the home but it can vary.iscounts. As a tenant with a right to buy, you will get a discount on the price of the property. If you live in a house the discount will be between 32% and 70%, depending on how long you have lived there. If you live in a flat, the discount will be between 44% and 70%, depending on how long you have lived there.