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Mortgage News

Over £250 billion of UK Mortgages not covered by life insurance

Colm Hebblethwaite / 09 November 2011

A large number of people in the UK have taken out a mortgage in order to get their feet firmly on the property ladder, but a new study has shown that a substantial amount of these people do not have... Read more

104% increase in buy to let mortgage deals over the last three years

Colm Hebblethwaite / 27 October 2011

New statistics released by Defaqto have revealed that the amount of buy to let mortgage deals on the market has risen by 104% since 2008. In October 2008, there were 237 buy to let mortgage pr... Read more

HSBC to make £350 million available for first time buyer mortgages

Colm Hebblethwaite / 14 October 2011

There has been a longstanding war of words between the UK’s financial institutions and various government ministers over the amount of money that is being set aside for first time buyer mortga... Read more

100% Mortgages for First Time Buyers

100% mortgages mean that you do not have to give a deposit to buy a home - you can borrow 100 per cent of the property's value. In the current mortgage market these deals are hard to come by because they are percieved as a higher risk by mortgage lenders. A number of lenders are offering 95% loan to value deals for first time buyers - the more deposit you can put down the better mortgage deal you are likely to get - see below for our selection of high loan to value mortgages:

High Loan to Value Mortgage Deal Selection - Call Direct

Initial Rate	Provider	Term	Type	APR*	LTV
4.59%		Life of the mortgage	Lifetime Tracker	4.70%	90%	More Info >
4.59%	Available to all customers. No product fee. Maximum mortgage size £400,000 Call 0800 077 4274 to speak to a mortgage specialist.					More Info >
4.69%		2 Years	Fixed Rate	4.20%	90%	More Info >
4.69%	No booking fee. Maximum mortgage size £400,000 Call 0800 077 4264 to speak to the HSBC mortgage team.					More Info >
4.89%		2 Years	2 Year Tracker	4.40%	90%	More Info >
4.89%	£999 product fee. Call 0800 1582934 to speak to a NatWest mortgage specialist.					More Info >
4.89%		2 Years	2 Year Tracker	4.40%	90%	More Info >
4.89%	£999 product fee. Call 0800 068 7624 to speak to an RBS mortgage specialist.					More Info >
5.39%		2 Years	2 Year Tracker	4.60%	90%	More Info >
5.39%	Available to first time buyers and home movers. £495 booking fee. Call 0800 077 3454 to speak to a Santander Mortgage Specialist.					More Info >

*APR = Overall Cost for Comparison

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

The above mortgage products are a selection of deals available directly through lenders who will be able to provide further information about the product you are interested in. If you are unsure about what mortgage product is suitable for you, we suggest you speak to an independent mortgage broker

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

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

See the tables for the latest mortgage deals or click on the link for personalised advice and quotes.

Mortgage Deal Selection - Call Lender Direct

Initial Rate	Provider	Term	Type	APR*	LTV
2.35%		2 Years	2 Year Tracker Exclusive	4.00%	60%	More Info >
2.35%	Only available to existing current account customers. £1,499 product fee. Call 0800 1582934 to speak to a NatWest mortgage specialist.					More Info >
2.45%		2 Years	2 Year Tracker	3.90%	60%	More Info >
2.45%	£999 product fee. Call 0800 1582934 to speak to a NatWest mortgage specialist.					More Info >
2.45%		2 Years	2 Year Tracker	3.90%	60%	More Info >
2.45%	£999 product fee. Call 0800 068 7624 to speak to an RBS mortgage specialist.					More Info >
2.85%		2 Years	2 Year Fixed	4.10%	60%	More Info >
2.85%	£999 product fee. Call 0800 1582934 to speak to a NatWest mortgage specialist.					More Info >
2.85%		2 Years	2 Year Tracker Fee Free	4.00%	60%	More Info >
2.85%	No product fee. Call 0800 1582934 to speak to a NatWest mortgage specialist.					More Info >
2.89%		2 Years	2 Year Tracker	4.00%	75%	More Info >
2.89%	£999 product fee. Call 0800 1582934 to speak to a NatWest mortgage specialist.					More Info >
2.89%		2 Years	2 Year Tracker	4.00%	75%	More Info >
2.89%	£999 product fee. Call 0800 068 7624 to speak to an RBS mortgage specialist.					More Info >
3.09%		2 Years	2 Year Fixed Rate	3.90%	60%	More Info >
3.09%	£999 Product fee. Other terms available. Call 0845 0701720 to speak to a Woolwich mortgage specialist.					More Info >