100% Mortgage in the UK, we search for deals

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100% Mortgages

Getting your foot on the housing market is becoming harder and harder as the prices of properties continue to increase. A 100% mortgage could offer a solution. Statistics show that on average it takes 5 years to save up enough deposit to put down a deposit on your first house.

Taking out a 100% mortgage is more costly than a mortgage when

putting down a deposit but it is worth considering what the increase in house prices will be while you are saving. If property value goes up quickly then the size of property you are aiming to purchase could become unaffordable while you are saving.

Some of the mortgages on offer can even lend above the value of the property, offering additional funds on an unsecured basis but at the interest rate of the mortgage. This can be very useful in covering the cost of legal fees, stamp duty or land registry costs.

100% mortgages are normally offered at a slightly higher interest rate as there are fewer lenders offering them. This means that there is less

competition in this sector making it less competitive.

Some lenders will insist on a Mortgage Indemnity Guarantee (MIG). This is an insurance premium, paid up front at the start of the mortgage, which covers the lender for a proportion of the mortgage should you default or be repossessed. This insurance becomes more expensive the higher the LTV (loan to value) ratios are so is at its most expensive when taking out a 100% mortgage.

For further information of 100 percent mortgages call Lifestyle Solution on

0845 25 75 485

or complete our call back form and we will call you at a more

convenient time.

This website is provided as an independent marketing website.

We are neither a mortgage lender nor an independent financial adviser and, as such are unable to offer financial advice

Enquiries generated via this website are passed on to independent financial advisers and mortgage/loan brokers.

Think carefully before securing other debts against your home.

Your home may be repossessed if you do not keep up repayments on your mortgage.