how much deposit do i need for buying a house nationwide
Most lenders insist on a deposit of at least 10% of the propertyâs value. Nationwide is a rare exception, although eligibility is complicated. The building society has a scheme called Save To Buy where you must save every month for six months in order to qualify for a mortgage with only a 5% deposit.efore the credit crunch in 2007, banks would regularly hand out mortgages to people with no savings. These loans were worth 100% or more of a propertyâs value. Then the recession hit, mortgage funding dried up and house prices fell, leaving thousands of people owing more to the bank than their house was worth.