100% Mortgages

A 100% loan covers the full value of a property, without the need to put down a deposit.

This type of mortgage is very popular particularly among first time buyers wishing to get a foot on the property ladder but who do not have a deposit available. While you'll pay more each month in interest you're able to buy a home sooner rather then later.

Some mortgage lenders offer 130% loans, however these are rare. The 100% mortgage is not suitable for everybody's needs and in a falling property market you may end up owing more than your house is worth - "Negative Equity". You should always seek professional advice before deciding on which type of mortgage is most suitable for your needs.

Repayment, Interest-Only, Combined mortgages