100% Morgage

evherkes

Hi,

Does anyone know if these are still available at all I have been looking around a may have found a few but wondering if anyone was aware of any sneaky ones!

Or if there are any companies that offer equity loans (not on the house but as a deposit) as I know that there are companies that do but don't know their names... I know the government do but that's no use to me.

Please, I appreciate you're time reading this but don't suggest that I save etc I'm already doing that...

Emily

ACG

Youve found a couple of 100% mortgages?

I only know of 1 and thats a guarantor mortgage.

shortchanged_2

No you will not get a 100% mortgage unless you are talking about what ACG is referring to.

FraudBuster

if anyone was aware of any sneaky ones!


Do you mean Lie-to-Buy Mortgages?

JPB123

evherkes wrote: »

Hi,

Does anyone know if these are still available at all I have been looking around a may have found a few but wondering if anyone was aware of any sneaky ones!

Or if there are any companies that offer equity loans (not on the house but as a deposit) as I know that there are companies that do but don't know their names... I know the government do but that's no use to me.

Please, I appreciate you're time reading this but don't suggest that I save etc I'm already doing that...

Emily

You can get a 15% loan via Hitachi Capital to fund the deposit. Abbey are happy to accept it, subject to usual affordability checks. You can also get 100% lending on Shared Equity with Shepshed BS. Afaik, Shepshed only via panel brokers.

I am an Independent Mortgage Adviser

You 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.

brit1234

JPB123 wrote: »

You can get a 15% loan via Hitachi Capital to fund the deposit. Abbey are happy to accept it, subject to usual affordability checks. You can also get 100% lending on Shared Equity with Shepshed BS. Afaik, Shepshed only via panel brokers.

That does sound dodgy even if it does exist. However has anyone pointed out to the original poster having a 100% mortgage in a falling market is not good.

robatwork

I am seeing adverts everywhere near me for "95% mortgages are back" but I suspect it's just for new builds where the builder is helping out somewhat so lots of small print.....

bigadaj

If you can find one please go in with eyes open, ie what you are doing is effectively renting from the bank and gambling house prices will increase, they may or they may not.