The amount of deposit you need for expanding your property portfolio can vary depending on several factors, including the type of property you’re looking to purchase, the lender’s requirements, and your financial situation. In general, for buy-to-let investments, lenders often require a larger deposit compared to residential mortgages. Typically, you might need a deposit of 20% to 40% of the property’s purchase price for a buy-to-let investment. However, this can vary, and some lenders may offer financing with a lower deposit if you meet specific criteria.
It’s essential to consult with a mortgage broker or financial advisor who specialises in property investment to assess your unique circumstances and determine the deposit requirement for your portfolio expansion. They can help you explore various financing options and find the most suitable solution based on your goals and financial capacity.