Minimum Deposit for Best Mortgage Rate

Learn the minimum deposit needed for a mortgage. The answer is $0 for a skipped and building society mortgage. However, to get the best rates, a 40% deposit is recommended. The less you borrow, the better. Every 5-10% increase in deposit, up to 40%, improves your mortgage rate. At 90% LTV, you can choose between a two or five-year fix, whereas at 75%, there are better deals.