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.