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How can I raise a deposit to buy a small studio flat without any funds?

I am a first time buyer and would like to buy a small studio flat or 1 bedroom any area in London up to zone 6. I am sole purchaser and do not have a deposit. What can you advise?

Asked on Apr 27 2011, General in London | Report content

Answers (3)

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  • Loans, credit cards, family friends etc

    Answered on Apr 27 2011, Report content
  • Rent until you can afford a deposit!

    Answered on May 1 2011, Report content
  • I'll try to be a bit more constructive with my answer! Have you looked at the ZOPA website? It's a place where lenders and borrowers deal direct with each other. I wouldn't recommend using credit cards, interest rates will be horrendous. Can you take another part-time job to help save towards it? Hope this helps.

    Answered on May 4 2011, Report content

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