I'm thinking of buying my council property which is valued at £210.000 the revised purchase price is £135.000.

Do i need a deposit to purchase this flat as required by the bank?

Asked by Marck Johnson

1 Answer

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Answered by John Stirling, IFA in Saffron Walden, ESSEX
Depending on your income, personal debt & credit position, and the state of your property, it may be possible to purchase without a deposit. You may even be able to borrow extra to fund improvements depending on your lender. Very mainstream lenders will still support this market place.

However this is simply a 'what can be possible' type answer - the actual answer will depend on your situation - feel free to drop us a line, and we may be able to help - even if only to point you in the direction of the right local lender.

All be best,

John Stirling
| 04.23.12 @ 15:48
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$commenter.renderDisplayableName() — {comment} | 11.24.17 @ 03:58
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Answered by

John Stirling
John Stirling, IFA in Saffron Walden, ESSEX

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