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  Reply # 2119610 4-Nov-2018 19:42
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Zero deposit mortgages would get a lot of people into financial strife. The reality is that if you don't have enough capital to cover a 20% deposit then you are unlikely to have sufficient cashflow to cover the repayments on more than 80% of the property value, especially when interest rates eventually increase.




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  Reply # 2119629 4-Nov-2018 20:46
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True, I know some banks (I think ASB?) used to do zero-deposit mortgages, but they stopped around the time of the Global Financial Crisis - and I can understand why.


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