New Why you SHOULD NOT go for the 5% DEPOSIT scheme! || 95% Mortgage Guarantee Scheme 2021



In this video I give you my honest opinion about the 5% deposit/ 95% mortgage government scheme. I explain exactly what the mortgage scheme is, the pros and cons, and why I think you should avoid them!

Time stamps:
0:00 – Intro
0:28 – What is a Mortgage?
0:42 – Calculating How Much Deposit you Need
1:14 – Why 95% Mortgages are Risky
1:48 – The New 95% mortgages
2:07 – Pros & Cons
2:50 – Negative Equity Calculation
3:13 – Housing Bubble Risk
3:32 – Why 10% Deposit is Better
3:51 – Outro

For more info on the scheme: https://www.moneysavingexpert.com/mortgages/new-mortgage-scheme-for-5-deposit/

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6 comments

  1. The Property Hustle

    If you can afford to please save and try to put more equity down. It will leave you with a buffer if your property falls in value.

  2. Victor Francis

    Very good content! 👍🏾

  3. What an amazing breakdown! Thank you

  4. explained well,…

  5. The Property Hustle

    Timestamps – in case you want to skip ahead 🙂
    0:00 – Intro
    0:28 – What is a Mortgage?
    0:42 – Calculating How Much Deposit you Need
    1:14 – Why 95% Mortgages are Risky
    1:48 – The New 95% mortgages
    2:07 – Pros & Cons
    2:50 – Negative Equity Calculation
    3:13 – Housing Bubble Risk
    3:32 – Why 10% Deposit is Better
    3:51 – Outro

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