In most cases you do require at least a 3%-5% deposit. There are loans where you can obtain 100% finance. In these cases you will still need to cover the costs to obtain the finance which are:

• Lenders Mortgage Insurance
• Government Stamp Duty
• Mortgage Stamp Duty (if applicable)
• Application Fees
• Valuation Fees
• Conveyancing and/or Legal Costs

There are other loans where you can obtain 106% finance and cover all costs incurred toward obtaining finance.