100% Mortgages - Get advice & a quote!
Some mortgage providers offer 100% mortgages that are designed to help first time buyers to get on the property ladder. A 100% mortgage is where a loan is given for the full purchase price of the property.
The lenders that offer 100 % mortgages often tend to charge a higher interest rate than they would for loans covering a lower percentage of the purchase price.
You might find that as well as paying a higher rate of interest, you may be charged a larger mortgage indemnity guarantee (MIG) premium than you would if you put some of your own money towards the purchase price. However, to help cashflow, many lenders will allow you to add your MIG to the mortgage. However this means you will be paying interest on the MIG for many years.
If you would like to talk to a regulated Mortgage broker about your mortgage options, use the form below. They will be able to offer impartial advise and help you to find a suitable mortgage.
Free Mortgage Enquiry
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
By submitting this form you are consenting to your information being passed to an associate of Okoza who may contact you. This information may be used by us or selected partners to advise you of other useful products or services that we feel you would be interested in. Our service is free to you but to operate this service we receive fees from the lenders or brokers we refer you to. There may be a fee for mortgage advice. The adviser is obliged to disclose to you the fee before providing the advice and the precise amount will depend upon your circumstances. We estimate that a typical fee will be 1% of the sum you borrow..