100% Mortgage for Reposession House

VIGILANT22

misssarahleigh wrote: »

Ok, can you offer an idea to the next best thing?

You will have to have a deposit, proof/sufficient income, clean credit history to fit criteria

Dan_1976

What do you do for living, are you key workers? Have you thought about shared ownership? Google it and have a look.

Do you have a family member that will lend you a deposit?

I know its not what you want to hear but 100% is dead, for the moment, they will be about again as we have a short memory.

misssarahleigh

Dan_1976 wrote: »

What do you do for living, are you key workers? Have you thought about shared ownership? Google it and have a look.

Do you have a family member that will lend you a deposit?

I know its not what you want to hear but 100% is dead, for the moment, they will be about again as we have a short memory.

After looking i have found companies that do 100% mortgage. Northern rock to name one. Is this information wrong?

My mother is a enjeneer and i work admin for a petrol company

And no family with enough money

VIGILANT22

misssarahleigh wrote: »

After looking i have found companies that do 100% mortgage. Northern rock to name one. Is this information wrong?

My mother is a enjeneer and i work admin for a petrol company

And no family with enough money

:TDo you think we have all been had?....Nobody could be really serious!!

Trollfever

So OP gets a 100% mortgage from the Northern Wreck good bank, to buy a repo from Northern Wreck bad bank!



:rotfl:

misssarahleigh

http://www.money.co.uk/mortgages/100-mortgages.htm

So if this information wrong?

VIGILANT22

It is Northern Bank not Rock.....these are not straightforward mortgages...they either want a stake in parents house or savings....Can you not accept you will not find the traditional 100% mortgage, simply due to the risk of negative equity........

http://www.thetipton.co.uk/home/mortgages/existing-member-eligibility
In order to qualify as an existing member you must hold a savings account with us opened on or before 1 January 2009.

misssarahleigh

VIGILANT22 wrote: »

It is Northern Bank not Rock.....these are not straightforward mortgages...they either want a stake in parents house or savings....Can you not accept you will not find the traditional 100% mortgage, simply due to the risk of negative equity........

http://www.thetipton.co.uk/home/mortgages/existing-member-eligibility
In order to qualify as an existing member you must hold a savings account with us opened on or before 1 January 2009.

No, not ready to accept i cannot get what i want before giving a good go. I try my hardest if there is something i want, so based on your opinion alone not ready to give up just yet.

VIGILANT22

ok good luck...post back when you obtain a 100% mortgage

misssarahleigh

VIGILANT22 wrote: »

ok good luck...post back when you obtain a 100% mortgage

You may be trying to help by saying it's not possible but it somes across as more of a 'i know better than you attitude' (i saw your comments on a post similar in content to this)

Having a 10, 20, 30% deposit doesn't mean your any more likley to pay your mortgage. If you can't afford to pay it, it doesn't matter how much deposit you put down.

Still looking into things. It may not work as planned but i think it's worth a good try. Things don't get handed on a plate in my experience, you have to work hard for it:o