22/10/2026
"I need a 20% deposit to buy my first home."
This is one of the biggest misconceptions we hear every single day❌
We sat down with one of our mortgage experts Leeann to answer the question on every first-time buyer's mind: How much of a deposit do you actually need? Here is what you need to know:
🔹 Many lenders offer first-time buyer mortgages with just a 5% deposit
🔹 Lenders care just as much about your income and monthly outgoings as they do about your savings
🔹A larger deposit can unlock lower interest rates, but waiting years to save it might cost you more in rising property prices
Don't let outdated myths delay your homeownership goals.
📞 Ready to map out your first home purchase? Call our expert team at Bird Stewart today on 0141 231 1196 to discuss your options.