Help me to get a 100% mortgage

Deposit, surveyors, solicitors, arrangement fees, stamp duty….money, money, money…

It really is no surprise that many people need 100% mortgages when they look for their new house as the fees alone for house buying today can amount to quite a sum.

But in terms of getting a 100% deal how will you fare finding one and what sort of package can you get? The fact of the matter is most high street banks require a 5% deposit minimum for a mortgage and a Saturday afternoon booked in with a few companies in your typical high street will soon confirm that. Of the 150 plus companies who lend money for mortgages only a handful will lend the total price of the house. As independent mortgage brokers we have access to all of them and are ideally positioned to talk about the most suitable ones for you.

“What should I do first?”

The best thing we can suggest is to contact us before you start your house hunting so that we can see what 100% mortgages are available to you. We will then conduct for you an ‘agreement in principle’ to see if you can be pre-approved prior to buying. This involves the lender carrying out a ‘credit score’ which is a statistical analysis of your circumstances using a points system. The more points you are awarded, the better chance you have of obtaining a mortgage. These do not cost anything and enable you get a formal 'agreement in principle' (having not found a property) so that you can look in confidence.

Call us now and let us get an 'agreement' for you. Usually we can obtain an answer within a couple of hours for you. Click here for us to look into a decision in principle for you.

“What if I need to borrow more than the house price for expenses or home improvements?”

We have access to lenders who can not only provide you with a no deposit mortgage but lend up to 125%*of the value of the house for other needs such as:

• Debt consolidation
• Home Improvements
• Holidays/New Car
• Divorce Settlement
• Business Planning

*subject to income and affordability

So it really does make sense to talk to us first to see what the 100% options are for you. We treat each situation individually by looking at your circumstances and then discussing with you the best solutions for your purchase. Find the easier route to your next 100% mortgage by calling us now.