With 100% Mortgages these allow you to buy a property without the need to put down a deposit.

Usually when you get a mortgage you would borrow between 75% to 95% of the value of the property, known as the 'loan to value'. I.e. if the house cost £100,000 and you borrowed £75,000 you would have a 75% mortgage.

The problems with obtaining a 100% mortgage are:

It will probably cost you more as you will be charged a higher interest rate.

Your lender may tie you in for a set period of time.

You are totally reliant on house prices rising as you have no equity. I.e. if house prices fall you would be in a negative equity situation, you would have borrowed more than the house is worth.

Finally many lenders may ask you to pay a mortgage indemnity guarantee policy, which is good for the lender but does not help you.

If you are looking for Independent advice on 100% mortgages from a qualified professional company, fill in our no obligation enquiry form below.

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The companies that we introduce to have access to the whole UK market, and numerous exclusive deals, they can help you find the most appropriate mortgage deal to meet your needs. There is a 'right' deal for everyone - this service aims to introduce you to Independent Mortgage Brokers that can help you choose the deal that is right for you!

Or If you would prefer you can contact one of the companies below regarding 100% Mortgages who may be able to help you.