100% Mortgage Hints & Tips
Should I get a 100% mortgage?
The choice is ultimately yours but it is a great way to get on to the 100 mortgage ladder now rather than wait to save a deposit up
Can I use the extra money available with a 100% mortgage towards my other costs?
Yes traditionally you can use the extra money towards other fees i.e. solicitor's costs, arrangement fees, consolidation of loans basically any legal purpose.
Will I pay a higher interest rate with a 100% mortgage?
You may be charged a higher interest rate for a 100% mortgage, meaning that you will be paying more each month than you would with a traditional mortgage
Will I have to keep the 100% mortgage for a fixed length of time?
You may have to agree to keep the mortgage for a minimum number of years; there many 100% mortgage products available including fixed, tracker and variable rate deals
Where will my deposit come from for my 100% mortgage?
The deposit comes from the lender; the solicitor will arrange to draw down the deposit from the lender when they legally require it.
Can I still get a 100% mortgage if I have bad credit?
Yes it is still possible is the short answer. Contact one of our brokers and they will be able to explain how your circumstances apply to arranging a 100% mortgage.
About 100% mortgages »
100% Mortgage Hints & Tips
Below we have put together some information and resources on 100% mortgages:
» 100% Mortgage FAQs
» 100% Mortgage Guide
» 100% Mortgage Resources
» 100% Mortgage - Why Use Us
» 100% Mortgage in the Press
» 100% Mortgage News
» 100% Mortgage Challenge
If you are on a tight budget you may want 100% to 125% mortgage;
a loan for the full purchase price of the property, plus some extra
to clear your debts. Clickngomortgages.co.uk mortgage advisors have
access to lenders offering 100% mortgages to 125% Mortgages.
Use the funds from a 100% mortgage for a purchase opportunity, home
maintenance, debt consolidation, major expenses, home improvements,
buy a car, or make an investment.
22/01/09
Comments
Shared Ownership latest mortgage deals rates and lending criteria
With Rightmove reporting increased demand for houses and property listings at an all time low. First time buyers are struggling to save the deposits which lenders are currently insisting on to purchase in today’s market. So the alternative is to buy via a Shared Ownership scheme.
14/01/09
Comments
How do i go about buying a Shared Equity property?
My partner and I are lowly first time buyers with a few savings, certainly not enough for a deposit. We rent our slightly shabby 2 bed house, which I long to decorate but don’t want to add value, and are slowly but surely paying off our landlords’ mortgage.
12/01/09
Comments
Buyers are suspicious of Shared Equity Schemes
It's certainly going to be a tough time for first time buyers in 2009. We still get a hundreds of people asking "Can we still get a 100% mortgage". The answer is not for a property on the open market. But you can still buy a house without a deposit with a Shared Equity mortgage.
13/03/08
Comments
A few 100% mortgages lenders available
Many people still want a 100% mortgage. Many people still think you can borrow over the value of your property; these mortgages were available up to 125 % of the value of your property. 100% mortgages are still available, but the market is extremly limited.
05/03/08
Comments
Still need a 100% mortgage
So you still need a 100% mortgage. What you need to be careful of is not overstretching yourself to far that you cant afford to pay the bills. 100% mortgages are commonly used to help people get onto the housing ladder.
04/03/08
Comments
Worried about mortgage arrears
The Financial Services Authority has announced today that one in five people are worried about making mortgage payments in 2008. Many 100% mortgages deals and borrowers whose fixed rates will be coming to an end this year will be extremely concerned what their new payment will be.
03/03/08
Comments
Free money advice scheme
For a long time there have been calls for free advice funded by levies from companies regulated by the Financial Services Authority. More so now with Bad credit mortgages and 100% mortgages being a regular topic in the news due to the current changes in the world economy.
23/02/08
Comments
Shared ownership mortgages
Looking for a shared ownership mortgage. Many first time buyer mortgages are for a shared ownership mortgage which suits their needs? Every one wants a cheap shared ownership mortgage deal at the best rates available.
21/02/08
Comments
Northern Rock halts 100% mortgages together deal
100% mortgages lender Northern Rock has decide to pull out of the high risk 100% to 125% mortgages market. This type of loan has been a favourite of many borrowers who have used this 100% mortgages product to secure a property and get a loan.
19/02/08
Comments
100% Mortgages lender Northern Rock could cost us 3,500 pounds each
If the nationalisation rescue of Northern Rock fails, we could all lose a possible 3,500 pounds each. The exposure to the tax payers money has doubled since the beginning of the year. Many borrowers who have borrowed against thier property with a 100% mortgage will owe their money to the Bank of England.
