100% Mortgage and Remortgage deals

100% Mortgage Finance:

A 100% mortgage is where you require a mortgage or remortgage for the full value or purchase price of the property. In some circumstances mortgage are available in excess of 100% up to a maximum of 125% of the property value.

With increasing property prices first time buyers often struggle to find a 5% deposit and a 100% mortgage can be a suitable solution.

As 100% mortgage products become more sophisticated lenders include additional options which include:

• Fixed rate options
• Discounted rate options
• Option to include legal expenses and stamp duty in the mortgage

Only a limited number of lenders offer 100% mortgages and those that do often charge a higher interest rate compared to traditional mortgage products. 100% mortgages offer a solutions for those who are unable to find a deposit or need to release all of the equity ties up in their home.

For more information or discuss how a 100% mortgage might suit your circumstances pleasecall us directly on 0800 756 9556.

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Information about 125% Mortgages

Before applying for a mortgage or remortgage it's important that you understand what your existing commitments are and how much you can afford in repayments for your mortgage.

Your Smaart Associates Adviser will help you establish a budget for your new mortgage but to get started please try using our online budget planner.