5% Deposit by me and 5% Vendor Mortgage help!!

bigantsteele

Hi,

I'm currently looking at properties and wondering if people know of any mortgage lenders who accept a 5% buyer and 5% vendor deposit mortgage? (I believe Abbey are 1 of them)

Ideally I would like to save the full 10% myself but it has already taken me 18 months to get to the stage I'm at now.

The property value is £140k and both me and my partner have a good credit score with no CCJ's or problems.

Any help or advice would be greatly appreciated and no doubt knowing me I've left something important off I should have added :rotfl:

TrickyDicky

You'll also need moving costs, solicitors fees, survey cost and stamp duty (if you buy in the new year) on top of any deposit you might have.

Best thing to do - carry on saving and buy when you can afford 10% yourself.

bigantsteele

TrickyDicky wrote: »

You'll also need moving costs, solicitors fees, survey cost and stamp duty (if you buy in the new year) on top of any deposit you might have.

Best thing to do - carry on saving and buy when you can afford 10% yourself.

I've already taken in to account for the above including Stamp Duty, if I was to save for the other 5% it could take me another 12-18 months to do this, when (IMO) the property market will have picked up; also with my current living arrangements buying a property sooner rather than later would be a lot easier for me