Mortgages, Remortgages, Mortgage Broker, Buy To Let, Loans, Adverse Credit, Contact Us

100% Mortgages

What is a 100% mortgage?

A 100% mortgage is where the lender allows house buyers to borrow the full value of their property. Some lenders in the market have also been known to lend more that the value of a property.

This is often a popular option for those that want to get a mortgage but find it difficult to raise the money for a deposit. You can complete our simple form online to be introduced to an advisor to help you. It’s free, easy, with no obligation or credit checks.

100% mortgages are designed mainly for people who cannot afford to pay the deposit on a mortgage. 100% mortgage can be very good for certain types of people if chosen carefully and at the right time.

With today's soaring house prices, finding a deposit for your first home can be difficult. Mortgage help centre can help you find a 100% mortgage from the whole of the market with their mortgage broker network.

But a number of lenders are starting to recognise this problem, and there is now a good chance you may be able to obtain a 100% mortgage.

In some cases, you may even be able to arrange a mortgage for up to 125% of the value of your new property.

If you are looking to buy a property but do not have a deposit, our 100% Mortgage may be the perfect solution.

• No deposit required
• Range of fixed and variable tracker rates available
• No Higher Lending Charge payable
• You may be able to borrow up to £500,000 (subject to assessment of affordability)
• You can overpay up to 10% per annum
• You can add your booking fee to the loan, although it will attract interest over the term of the mortgage

Things you should consider when you're thinking about taking one of our No Deposit Mortgages

Negative Equity

The term negative equity is used to describe a property where the mortgage secured against it is higher than the value of the property.

Taking a mortgage where there is no equity carries additional risks, as market conditions may deteriorate e.g. property values may fall. This will subsequently alter the loan to value on your property putting you into negative equity. Although this will not have an immediate impact, if you decide to sell your property and the value has declined, you will still owe any difference between the outstanding mortgage balance and the sale amount.

100 per cent mortgages come in many different forms including discounted, fixed, capped and variable rate.

Frequently Asked Questions About 100% Mortgages

1. Do I qualify for a 100% mortgage? - You will usually qualify if:

• You are in full time employment
• Over 18 years in age
• British or a UK resident with permanent right to reside

2. Will I have an extended tie in if I take a 100% mortgage? - No. We would never recommend a deal that ties you in after your initial fixed or tracker rate.

3. I am self-employed, Can I get a 100% mortgage? - You may qualify if you have 3 years accounts with a net personal income that will cover the mortgage amount.

4. What is the maximum amount I can borrow? - You can borrow up to 125% of the property purchase/valuation price as long as your income supports your borrowings.

5. Could I borrow more money to consolidate debt? - Yes. A very select few will let you borrow more that the valuation of the property so that you can consolidate your debts.

6. Will I pay a higher lending charge? - Not always. There are deals that come with no higher lending charge however there are a lot of lenders that do charge this fee, we will recommend the best 100% mortgage deal that would best suit your needs.

Our mortgage advice is free (unless you opt to pay a fee) and unlike many other mortgage companies and brokers our staff are salaried, not paid commission on the products that they sell, meaning they really do act independently within the mortgage marketplace to try to get you the best deal.

 

100% no fee mortgages all the time we offer our guarantee.