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Mortgage as 2nd Time Buyer

  • 28-08-2021 3:20pm
    Registered Users Posts: 58 ✭✭ Cameron326
    Registered User

    Hi all. Question regarding 2nd time buyer mortgage, re, the 20% deposit rule. Is it the case that the deposit has to be cash - ie. it can't come out of the value of the home you will be selling/moving out of? So, if you wish to purchase a property thats costs say, 600k EUR, you would need to have 120k EUR cash saved up for the deposit?