I have fallen in love with a house that is £355,000.00. One small problem I only have a £5,000.00 deposit… stupidly last year we spent our deposit on our wedding and honeymoon as we had no plans to move. Since then our neighbours both sides have moved and as a result we would really like to move too. There is only perhaps 2 - 3 thousand equity in the house we currently live in so we cannot find it from there.

My wife is a Doctor and the mortgage would be solely in her name, her basic salary is £80,000. We can afford the mortgage but obviously with the financial climate change 100% mortgages are no longer available.

Is there any advice other than the obvious (ie abandon the search until we have a 10 - 15% deposit) We have looked into the government homebuy scheme but as her salary is over £60k we do not qualify

Any sensible advice welcomed
Its that age old thing of living to your means….. savings started after the new kitchen!

And yes I do know how rediculous this question sounds and how obscene the money is we are talking about. One of the most amazing things this money does is being able to help family most of which are on a similar income to yourself. My mum shakes her head at me all the time