Go Back To Search Results Question In the UK currently is it best to buy a flat with 100% Morgage or save 10% deposit? Due to the ever increasing house prices, is it best to get on the ladder ASAP with a 100% morgage or wait for 2 years while I save up to reduce the interest rate? By SPIE Posted on 05/11/06 Total Answers 3 Answers- A reduced interest rate is the better way to go. Answer by : rkb196935 On Date 2006-05-11 07:36:46 depends on where you are buying, some areas are not increesing in value at all at the moment so check in to that first. personally i would buy now if you can and try to put down around 5%. Answer by : romariodiko On Date 2006-05-11 07:41:04 Buy now with as much deposit as you can find. 100% mortgages may well charge you a higher rate so make sure you get one which allows you pay a chunk off without penalty and save the amount required for your provider to be able to offer you a lower rate when you do. It will take time doing the research but I wouldn't risk another price boom which could easily negate any savings you may make if you wait. Answer by : BobLiz On Date 2006-05-11 08:09:22   Go Back To Search Results