First time buyer buying from Dad

heatherfay89

I am a first time buyer and my dad has purchased a house which me and my partner are buying off him after extensive renovation.
The property is worth £117000 and we need a mortgage for 105000 the deposit is gifted from my dad. We both have full time jobs and good credit.

Are there any company's that will do this mortgage?

Thanks in advance.

lee111s

I've just bought a house for that exact value, with the exact same mortgage amount with the deposit also gifted by my Dad

I've gone with Yorkshire Building Society. Rate is 4.39% but you get a free valuation and £1000 cash back upon completion. There's lots of other lenders out there that do 90% LTV mortgages so you just need to work out what's best for you.