

Hi Matt, I don't quite understand your question. Are you looking for a way to purchase without having the deposit yourself? One thing to remember is that if the contract price is $295,000, a lender will do their own valuation on the property will only lend on the valuation. If the actual value is $295,000 and the seller only wants $270,000, if the seller is a family member, you may be able to purchase under what is called a favourable purchase. I would need to discuss it further with you. My contact details are on my HashChing profile.

Lindsay
Hi Matt, Are you saying you don't want to put in a deposit or you don't actually have any funds to put towards a deposit? Any lender is going to want to see that you have funds to complete the purchase, a deposit bond can assist if you don't have access to the funds right now but will have the funds prior to settlement, e.g using equity from another property via refinance/equity release.