Many first time buyers who have not saved up a deposit for a house are now able to get a mortgage which is called a 100% mortgage or no deposit mortgage.

With house prices rising day by day many people are unable to save the amount which they can use for a down payment on a purchase.

The major lenders are aware of this fact and have introduced 100% mortgages in order to capitalise on this major market segment.

The criteria for qualifying for a 100% mortgage vary from lender to lender. A good credit record along with a salary to support the mortgage is a good starting point. There are however lenders that will offer 100% mortgages to people with less than perfect credit ratings. You should however be careful if taking out a 100% mortgage as you will have no spare equity in the property.

In order to find the best no deposit mortgage it is advisable to explore the entire market place in order to find the best deal. If you would like independent qualified advice from a qualified mortgage broker please use the no obligation enquiry form below.

We Believe the Best Advice is Independent Advice

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.