Does anyone do 100% Mortgages any more?!

[Frankieola]

I'm renting at the moment and the landlord has just announced that she is selling up when my tennancy runs out. I would like to buy the property but dont have any deposit or any means of borrowing it from friends or family.
I know that mortgages are harder to get now but does anyone know where to get one without the need for a deposit or if there is any other way round this? Thanks.

[redcrx]

do you have any idea how much the owner wishes to sell for? they may sell direct to you, cutting out an estate agent and their fees.

Youd still need the funds to pay solicitors and stamp duty (if applicable) but i wonder if the owner would sell to you and pay the deposit? ie sell at higher price but pay the difference as a deposit?

[buildersmate]

So what happens when the lender's valuation agent pops arounds and values it at the market price? - i.e. the non-inflated price.
Good try but a non-starter, I'm afraid.

[redcrx]

but it has happened that way, you see it so often on new sites. The homebuilders pay the deposit and yet the valuations still seem to work out.
it was worth a try, as i dont think anyone is offering 100%LTV at the moment.

[chazza]

You can get 100% deposits nowadays (we saw some when looking for a mortgage at the very end of 2009) but the interest rates are generally way higher than those offered to buyers with deposits

[JonnyBoy12]

Is she going to give you a discount? I would expect a very large discount if I were you, having been a tenant there for years.