| Comment | In answer to your first question
> Like who has that much money on top of a deposit!
Non-first time buyers, who have the capital from the sale of their existing house to use to cover a greater down payment. Effectively, you only need to raise a deposit the first time you buy a house - as that money is captured in the value of the property, and you pay off part of the mortgage as well, you then have that equity to use in future purchases without having to use savings again. |
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