100% Mortgages : 100% mortgages uk

what is a 100% mortgage?

With 100% mortgages you borrow the full amount required to purchase the property. the mortgage lender provides the full amount, this way you do not have to save a deposit.
This type of mortgage has proved popular with first time buyers for obvious reasons. There are however down sides as if you borrow 100% of the purchase price you will have no equity in the property, also should house prices fall you will owe more money than the house is worth. Also most 100% mortgages will cost you more in interest rates and you may have to take out mortgage indemnity insurance which protects the lender not the borrower. If you would like independent advice on 100% mortgages try this site.

They will introducer you to an independent mortgage broker who will work for you to help you find the best deal to suit your individual circumstances.

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