Is there any Eastate Agents for first time buyers that you do not have to put a deposit down.
2006-08-17 03:17:58 · 16 answers · asked by P G 1 in Home & Garden ➔ Other - Home & Garden
well thats just plain silly
2006-08-17 03:20:56 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you are looking to buy then it's not the estate agent that will ask for a deposit, it's the guys that are going to lend you the money, most banks and building societies will give you a 100% mortgage as long as you fit their qualifying rules ( the main one being that they know you can pay them back!!) but the repayments and interets rate will be higher.
I used too live in Leeds, I know how expensive it can be to buy OR rent, I'm not a great lover of the city though!! If you want to live in Leeds, why don't you go for the real thing and live in London ( still miss it!! )
2006-08-17 03:27:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I have seen many adverts in the property papers for 1st time buyers. Buy yourself a house not a flat, there are plenty of one bed roomed houses around, but make sure you can't hear through the walls - a lot are paper thin. Wimpeys, Barrett's, loads of the house builders do things now, but your repayments may be high.
Go to the show homes and look around. When you look at a new house take your blinkers off, think of a proper size cooker, fridge, freezer, bed, sofa, washing machine etc. Some companies fit everything into the house and all you have to do is move in., but what happens when you want to change the cooker, fridge etc., When the doors are put back on will you be able to move around without banging into furniture etc.
Sorry to go on, but I hate seeing first time buyers stitched up.
I wish you the best of luck on becoming a home owner.
2006-08-17 03:36:04 · answer #3 · answered by Curious39 6 · 0⤊ 0⤋
Not sure how it works in the UK? You can get such a thing over here in Canada....but the standard is at least 5% down..........you then have to pay an additional insurance because you couldnt come up with at least 25%...kind of a joke...you dont have enough so were going to make you pay a few thousand more! Good luck with that one...surely the banks would be able to answer that relatively quickly? Renting is OK for a while but you really should get onto the property ladder as quickly as possible as long as you plan on staying in the UK (I left at 18....) Good luck.............. L.Butler
2006-08-17 03:23:54 · answer #4 · answered by Lynne B 4 · 0⤊ 0⤋
have you ever regarded into renting a place with all charges secure? Its nicely worth paying somewhat greater for lease in case you may... different than that - approximate expenses for a flat could in all threat be: Council tax - £80 a month electrical energy and gas - £30 - £40 a month Water - £10 a month television Licence - £one hundred forty (ish) a 300 and sixty 5 days telephone line condo is approximately £15 a month in the previous the bill for calls/internet is extra Contents coverage - £10 a month Thats approximately it rather, assuming you dont have the different month-to-month charges to pay - like cellular, mastercard etc you besides mght could look into the cost of furnishing a place if its unfurnished or the extras you may desire even whether it extremely is provided (television, stereo etc
2016-12-17 12:25:39 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Yes you could probably get a 100% mortgage,but you would be paying over the odds in APR.Best to save up deposit first,lives hard trying to save when your paying rent.Better still find yourself a rich boyfriend lol.
2006-08-17 03:28:40 · answer #6 · answered by Anonymous · 0⤊ 0⤋
if you apply for a 100% mortgage you dont need a deposit and you usually recieve cash back ( usually bout a grand), just means that monthly repayments are a little higher than if you put a deposit down. usually after 2yrs you can reduce your mortgage repayments because you will then have equity in your house.
2006-08-17 03:25:34 · answer #7 · answered by Anonymous · 0⤊ 0⤋
You can get 100% mortgages for first time buyers all over the place if you can prove you can make the repayments.
2006-08-17 03:26:44 · answer #8 · answered by Dolly Blue 6 · 0⤊ 0⤋
Good luck.. I have never heard of such a thing where a deposit IS NOT required but you can surely check around.. doubt if you will find any though.
2006-08-17 03:24:09 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Yes, several banks do 100% or even 105% mortgages, but they will cost you more money. Try Co-op Bank and Nationwide.
2006-08-17 03:24:24 · answer #10 · answered by rainy-h 5 · 0⤊ 0⤋
join the club £495 per month for two bed house in corby trust me you will strugle as a first time buyer i tried and failed
2006-08-17 03:22:17 · answer #11 · answered by stanny 2 · 0⤊ 0⤋