Best 100% Mortgages in UK
Getting a 100% mortgage is a risky step to take in the current climate of the UK Housing Market. With some analysts predicting price falls, a 100% mortgage could leave you with negative equity. (house value worth less than mortgage)
However, if you are aware of the dangers in a 100% mortgage, it might still be the best option; for example, if you do not have a deposit or you need to borrow money to spend on renovation. 100% mortgages are becoming less common because banks are becoming wary about lending in the current climate. Nevertheless, these are some of the best 100% mortgage deals on offer at the moment.
However, if you are aware of the dangers in a 100% mortgage, it might still be the best option; for example, if you do not have a deposit or you need to borrow money to spend on renovation. 100% mortgages are becoming less common because banks are becoming wary about lending in the current climate. Nevertheless, these are some of the best 100% mortgage deals on offer at the moment.
- Royal Bank of Scotland 100% Mortgage - Product fee of £399. 100%. OVerall cost for comparison 7.4%. Includes flexible offsetting mortgage. LTV link
- Bristol and West 100% mortgage. For professionals. Mortgage products upto 4.5 or 5 times income. Product fee £399, early repayment charges may apply. Overall cost for comparison 7.5%. Link
- Abbey National 100% plus Mortgage. This mortgage product enables you to borrow 100% of house value, plus up to £25,000 upto a maximum of a 125% loan value. link
- Guide to 100% Mortgages
- Benefits and Dangers of 100% Mortgages - how to use a 100% mortgage and make best use of them
- UK Housing Market
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