100% 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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*for existing customers only

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