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Do I get a lower mortgage rate if I put more deposit in?
Do I get a lower mortgage rate if I put more deposit in?

Your main mortgage will be smaller, so you'll save some money paying interest on a smaller amount.

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Written by Megan
Updated over 6 months ago

If you put a bigger deposit in, the boost will still be 15% – but you’ll get a smaller mortgage.

This means you’ll be paying interest on a smaller amount. So while there’s no lower mortgage rate, you could save money in interest by adding a bigger deposit.

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