rates of borrowing with special promotional offers. Apply for credit cards that provide a cheque facility as this is much cheaper and can be a very convenient way to pay for refurbishments and deposits. If you maintain several credit cards in this way then you will be able increase your credit limit to a point that you can fund deposits for property purchases. Remember to spread the application of credit cards over several months as each application can show up on your credit records and can harm your rating.
Once you have been able to sufficiently increase you credit limit then you can use the credit cards to place a deposit against a mortgage on the property you are purchasing.Creative financing with a remortgage or draw down facility
Providing you have sufficient equity in your home, you can remortgage to fund a deposit. Some mortgages have a draw down facility whereby you can release equity in your home by writing cheques to pay for purchases. The value of the cheques are then added to your mortgage. This is a great way to pay for deposits as mortgages are generally the cheapest form of loans.
Again, you can use the remortgage or draw down facility as a deposit against a mortgage on the property you are purchasing.