How much deposit should I put?

The eligibility criteria for a Nationwide mortgage can vary depending on a range of factors, including your income, employment status, credit history, and more. It's essential to understand these criteria and assess your own financial situation to determine if you're likely to be approved for a mortgage.

In addition to the minimum deposit, there are other costs associated with taking out a mortgage, such as fees and interest payments. It's important to factor these costs into your budget and plan accordingly to ensure that you can afford the repayments over the long term.

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When considering a mortgage, one of the primary questions that arise is the minimum deposit required. For a Nationwide mortgage, the minimum deposit stands at 5% of the property's purchase price. This means that if you're looking to purchase a property, you'll need to have at least 5% of the total cost saved up as a deposit.

With a 5% deposit, you'll be taking out a 95% mortgage, which is a popular option among borrowers. However, it's important to note that eligibility criteria apply when taking out a mortgage, and meeting these criteria is crucial to securing your loan.