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Vendor gifted deposits
mjgreen60
Posts: 230 Forumite
Hi there
Are there any mortgage providers who are happy to accept vendor gifted deposits? We are looking at a new build so need 15% deposit but only have enough for 10% and the builder has offered 5% gifted.!
I know a lot of lenders are not keen on VGD but wondered if there are any in particular we should target.!
Thanks
Mj
Are there any mortgage providers who are happy to accept vendor gifted deposits? We are looking at a new build so need 15% deposit but only have enough for 10% and the builder has offered 5% gifted.!
I know a lot of lenders are not keen on VGD but wondered if there are any in particular we should target.!
Thanks
Mj
Just started comping - 1/12/08 - keep your fingers crossed!
0
Comments
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Builder deposit at 5% is still ok, its private vendor deposits that now don't have a home - try Halifax for an agreement in principle.
Holly0 -
Hi Holly,
Thanks for your reply. It is from builder rather than private so fingers crossed!
mjJust started comping - 1/12/08 - keep your fingers crossed!0
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