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To: whitedog57

O K I am stupid
“need to contribute at least 5% of the property price as a deposit * the government will give you a loan for up to 20% of the price “
how does this equal100%.


4 posted on 07/28/2013 3:39:00 PM PDT by RWGinger
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To: RWGinger

SOP in Canada used to be 75% LTV. I presume Britain is using the same measure: 5% DP, 20% gov’t loan, 75% bank loan.


8 posted on 07/28/2013 4:15:42 PM PDT by A Formerly Proud Canadian (I once was lost but now I'm found; blind but now I see.)
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