- payment options
- repayment mortgage
- interest-only mortgage
- combination mortgage
- mortgage types
- standard variable rate
- fixed rate
- capped rate
- discount rate
- tracker rate
- cash-back
- flexible
- offset
- 100% mortgage
100% mortgage
What is it?
If you have a 100% mortgage your loan will cover the full cost of the property and you won’t need to find any money for a deposit.
What does it offer?
A 100% mortgage enables you to get on the property ladder sooner rather than later because you don’t have to spend months, or perhaps years, saving up for a deposit.
When is it worth considering?
If you are a first-time buyer, house prices are rising and savings interest rates are low it could take you a long time to save up a deposit.
What should I be aware of?
You’ll pay more in interest than you would had you been able to put down a deposit.
With a 100% mortgage, if the property market falls you could end up owing more than your house is worth - this situation is known as negative equity.
Your home may be repossessed if you do not keep up repayments on your mortgage.
No need to pay us a fee, unless you would like to receive the commission paid by the lender. more info
