We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
100% mortage
Options
brokeman_2
Posts: 1 Newbie
We have been given notice for the house we are renting and would like to buy a home. We both have a job however we don't have enough saved for a deposit. Does anyone have experience with taking up a mortage with no down payment? Which institutions would you recommend?
Many Thanks
Many Thanks
0
Comments
-
The advice will be to talk to a broker, there's loads around. I visited 3 when looking at mortgages. Didn't cost me anything.Happy chappy0
-
There are several lenders that offer 100% mortgages. Each with their own lending criteria, whihc will be based upon your own individual circumstances.
Some will charge a HIgher Lending Charge and some will not - be careful to look at fees.
If you can get a 5% deposit it could make a big difference on the rate for you.
What property prices were you looking at, and what are your two incomes?I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards