I'm wanting to buy a house in Southsea, Portsmouth. I have a £7k deposit which for the price of houses around here is only classed as 5%. Are there any schemes that anyone knows of that could help me get another £7k as i've been told i can definately get a mortgage if i have a 10% deposit?
My credit rating is bad so a loan is out of the question unless you know of any specialists!
Thanks in avdance :) xx
2007-03-27 02:12:00 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Cheryl: Darling if i had or even wanted a man, for £7k you can do anything - cash in advance though please xx
2007-03-27 02:18:14 · update #1
try GMAC they don't ask many questions about employment not sure about bad credit though. they do charge a higher lending charge for 95% mortgages though. another way is to get a gifted deposit, which basically means if you get a house for less than its worth you may be able to use the rest of the amount as a virtual deposit. get a mortgage advisor they know loads. going through it myself now
2007-03-27 11:10:38 · answer #1 · answered by vikki_ricketts 2 · 0⤊ 0⤋
well im having to resort to get ting a dodgy mortgage as our credit rating is terrible.u normally have to pay them a couple of grand at the most and they produce wage slips for u,they cover any bad credit u may have sawell!but u can only do this if u know a dodgy mortgage adviser..lots of my friends have done this so i know it isnt too good to be true
2007-03-27 02:26:54 · answer #2 · answered by mumof3 3 · 0⤊ 0⤋
A lot of high street banks do 95% mortgages! good luck
2007-03-27 08:31:46 · answer #3 · answered by ickle.pickle 1 · 0⤊ 0⤋
i've heard of internet lenders called Zopa, not used it myself, but they claim not carry out any credit checks because you borrow from individuals based on trust. have you considered buying with a friend...hope that helps, good luck
2007-03-27 04:18:35 · answer #4 · answered by lushpoppy 4 · 0⤊ 0⤋