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Affordable housing & mortgage amount

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  • 04-11-2009 11:19pm
    #1
    flogen
    Moderators, Society & Culture Moderators Posts: 10,247 Mod ✭✭✭✭


    I was browsing around the Affordable Housing site and came across this in the FAQs:
    What about a deposit and savings?
    It is possible to borrow up to 97% of the purchase price of an affordable home. This means that you need to save at least 3% of the price for a deposit.

    Now I'm assuming this is a left-over and as yet un-edited bit of info from the good times when 97% mortgages were ten a penny but I just wanted to check here.

    Is it possible to get 97% mortgages on affordable housing or is is 92% maximum regardless?


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