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Can you borrow your deposit /down payment?

The down payment is the major hurdle in buying a house. Can you borrow it and pay it back from your mortgage?

Asked on Sep 2 2010, Home Finance in Stevenage | Report content

Answers (1)

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  • Some will accept a gifted deposit from a family member that doesn’t have to be repaid, they will not accepted borrowed money which has to be paid back, some lenders at the moment will not accept a gift from parents they are being that strict. If you want some good independent financial advice i can put you in touch with a good broker.

    Answered on Sep 2 2010, Report content

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