100% Mortgages for First Time Buyers

100% Mortgages for First Time buyers100% Mortgages for First Time Buyers

100% mortgages mean that you do not have to have a deposit to buy a home - you can borrow 100 per cent of the property's value.

Advantages of a 100% mortgages for first time buyers included:

  • Being able to buy a house even if you are on a tight income and cannot save a deposit
  • Not having to put in a lot of cash upfront, saving it for other things such as improvements to the house

Disadvantages of 100% mortgages include:

  • Few lenders offer them so it is not competitive and higher interest rates are often charged
  • You will be charged a bigger Mortgage Indemnity Guarantee (MIG) premium.
  • If the value of the property goes down, you could go into negative equity, when you owe more than your property is worth

There are a number of 100% mortgages to choose from - to see the best rates currently avilable check out the table below and get more information, free quotes and advice by filling in the enquiry form.


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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.


For Quotes & Advice on  Mortgages for First Time Buyers complete our mortgage quotes enquiry form.

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