Securing the best value 100% mortgages for people needing a high percentage mortgage. 100% mortgages are an option that more and more lenders are now willing to offer to borrowers needing a high percentage mortgaget. Mortgages of this kind are designed with the first time buyer in mind: 100% mortgages allows you to get your foot on the property ladder without needing to save for years beforehand.
Some lenders will now allow you to borrow over and above the value of the property, even up to 125%, so that the fees and moving costs can be covered too. You could even use the additional borrowing to consolidate debts into one loan, with one monthly payment.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
As of March 2008 there are currently no products
of this nature available on the market.
The 125% schemes are available on fixed and variable rates of interest and are available to all categories of borrowers not just first time buyers. Ideal for debt consolidation and negative equity.
An important point to bear in mind with 100% mortgages is that different lenders will have very different lending criteria and will offer very different loan amounts to mortgage borrowers with no deposit. Mortgage rates, terms and conditions also vary widely between lenders.
Higher Lending charges may apply.
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100% Mortgages 
