How much generally is the deposit for a property purchase?

The deposit is an amount that is used as security for the seller, hence it is always in the seller’s best interest to ask for a larger amount, whereas the buyer may not want to put too much down upfront. Strictly speaking it is something that is up for negotiation between the parties. However, it is also quite normal to be asked to put down something like 5% or 10% of the purchase price as the deposit upfront.

If you do not have a large deposit and will be borrowing 90% or more of your purchase price from your bank to complete, then you may want to negotiate for a 5% deposit. It is important to bear in mind that the amount of deposit being paid upfront is a consideration that the seller may take when they are deciding which offer to accept.