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Advice on 100% mortgage ?
softmind82
Posts: 146 Forumite
First time buyer need advice on 100% mortgage ..
0
Comments
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No problem there.
What is your income and how much do you want to raise?
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
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Are you a graduate? What is your occupation? Do you have any other debts and do you have a good credit history?
There are some lenders that could agree the mortgage amount you are looking for, but 100% mortgage have very tight lending criteria.
Some lenders will base the mortgage on a split basis 90% secured on the property and the 10% as a loan over the same period. The loan will be payable at the same interest rate as the mortgage.
HTHI 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 -
5 x salary on a 100%, only a handful would consider that. As herbie rightly says give us more infoI am a 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.0 -
Hi MortgageMamma, I beleive you're from Colne.
Have you placed it?
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
Hi Joe - oh I c you are in Blackburn, nice to have a fellow northerner about its all southern softies on here.
Have I placed what?I am a 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.0 -
This dificult case, LOL!
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
MortgageMamma wrote: »Hi Joe - oh I c you are in Blackburn, nice to have a fellow northerner about its all southern softies on here.
Have I placed what?
Deeply offended :rotfl: Nothing wrong with us southerners:pI 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 -
As you know herbs I happen to have a big soft spot for you southerners....that trail of broken hearts all the way up to lancashire always leads me back down for more!I am a 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.0 -
This dificult case, LOL!
JoeK
Har har very funny. I could place this after 20 pints in leeds a keb-abbey in halifax and a leek in yorkshireI am a 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.0
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