I’ve found a lender that accepts gifted deposits up to 5% and their standard loan to value is 89%.  So in effect they will loan you 94% of the purchase price.  Let me explain by way of an example.
 
Lets say you wish to buy a property for £100,000.  The vendor is offering you an incentive of a 5% deposit to be paid by the vendor.  The property would be bought as follows:
Purchase Price    £100,000
Vendor Gift    (£5,000)
Buy To Let Mortgage @ 89%    (£89,000)
Shortfall for you to make up  £6,000
 
The rate is also a very attractive 5.45 fixed for 3 years! To apply for this mortgage please fill in the form here stating your interest in this deal, your name and email and press send.

Ajay.

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Posted on: 26th Feb 2008