Can I get a bridging loan to help with a deposit even if it is my first time on property market?

My partner and I love our flat which we currently rent. Our landlord has offered to sell it to us as he is moving to New Zeland. The property is worth 拢110,000 and we can get a mortgage for 拢144,000 and have 拢2500 saved but we need a deposit of 拢10,000. We are desperate to buy the flat!





Any advise would be much appreciated!





Thanks.|||Subject to your credit status, you should be able to get a 'high-street' loan for the 拢10k.





Having a 拢10k loan will affect the amount of mortgage you can borrow, but if you currently qualify for 拢144k, you should still be able to borrow 拢100k.





Don't forget you will need money for a full survey, mortgage arrangement fees and legal costs - expect that lot to be another 拢2k.|||You are not in a position to buy it. If you do not have the down payment in cash, you cannot borrow it. no bank will allow this.