Securing the best value 100% mortgages for
people needing a high percentage mortgage.
100% mortgages are an option that more and more
lenders are now willing to offer to borrowers
needing a high percentage mortgage. Mortgages of
this kind are designed with the first time buyer in
mind: 100% mortgages allows you to get your foot on
the property ladder without needing to save for
years beforehand.
Some lenders will now allow you to borrow over and
above the value of the property, even up to 125%,
so that the fees and moving costs can be covered
too. You could even use the additional borrowing
to consolidate debts into one loan, with one
monthly payment.
As of March 2008 there are currently no
products of this nature on the market.
The 125% schemes are available on fixed and
variable rates of interest and are available to
all categories of borrowers not just first time
buyers. Ideal for debt consolidation and negative
equity.
An important point to bear in mind with 100%
mortgages is that different lenders will have very
different lending criteria and will offer very
different loan amounts to mortgage borrowers with
no deposit. Mortgage rates, terms and conditions
also vary widely between lenders.
Higher Lending charges may apply.
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100% Mortgages 
