[albert]

Hi All,
I'm new around here, and have already found this forum to be invaluable. I'm actually relatively new to property investing (though I have 3 properties), so please forgive this probably basic question:
Say I find a property and negotiate a 20% below market discount, given that a mortgage broker will loan up to 85% of the market value, do I actually need a deposit at all? For example, say I found a property with a market value of 100k, and I agree a purchase price of 80k. Would I be allowed to borrow 85k from the bank, putting down no deposit for the purchase, and keeping the remaining 5k to use to cover purchase costs, a bit of profit, etc?
If I can do this, could someone please (on bended knee) give me the contact details of a mortgage broking company that can arrange this?
Many Thanks
Albert