> The UK essentially got rid of crazy 100% mortgages. You can still get a 95% mortgage, which is pretty desperate, but the rates on them are punishing, I haven'

> The UK essentially got rid of crazy 100% mortgages. You can still get a 95% mortgage, which is pretty desperate, but the rates on them are punishing, I haven't seen anybody say "Oh I saved 5% for my deposit now I can buy a house". I can think of 3 people off the top of my head who have a 95% mortgage. It's far more common than you think, especially in areas in the North where you can get a decent property for less than £200k (95% loans are capped at £400k)