Hi All My bank said it could take 3 weeks to arrange an IO loan arranged with funds ready, secured on the PPOR. This is a loan that I intend to use as a deposit for the IP. Would the best way be to simply apply for it now then I'll be ready to make offers when it is set up. I can't see that it is possible the other way round i.e. make an offer then need 3 weeks to come up with a deposit? My lender also mentioned a company called 'Deposit Power' that can guarantee the deposit but then that is another cost that is potentially unnecessary. How do you all normally do it?