100% Mortgages

peterc2609

Who still offers these?

Also... I don't mean to be cheeky... but can people keep their opinions to themselves... I just want to know who still offers them...

I don't want advice, such as, save a deposit, the housing market it going to crash, dont eat yellow snow...

Just the facts please!

Thanks youuuuuu!!!!

NeilQuinn

The Mortgage Works are still doing them if you have minimum salary of £20K

herbiesjp

Mortgage Express

Dan_Collins_2

Very few left, the problem you may have is that the ones that are left are not wanting to lend unless you are an angel sent from heaven!!

If you are a doctor, solicitor etc you may be able to get a scottish widow professional mortgage.

Conrad

Ipswich, Bristol and West but as others have said you must have absolutely perfect credit and status and of course new build flats will nearly always be declined.

peterc2609

Oh well...

I'm not a solicitor, doctor or teacher...

I'm not an angel either... I have 2 old defaults....

I'll have to keep looking!

I have savings of around 10k, but some of that is for corporation tax (I'm self employed) and I really don't want to totally skint myself.

The 10k isn't enough for a 10% deposit, and the rates are rubbish with a 5% deposit.

We've seen the perfect house, but dont think it will wait for us while we save!

dunstonh

Self employed dont pay corporation tax.

100%, 2 defaults and self employed isn't going to be very appealing to lenders in the current market. The only way to tell is see a mortgage broker or post a bit more information here and ask for an opinion.

peterc2609

Well its some sort of Tax... I'm director of a Limited Company.

What info do you need

Dan_Collins_2

I would give up on the hundred % just on that info.

5% rates are better than 100% rates. Although those defaults could cause you some issues.

If I am honest, I know its not what you want to hear but I would wait and save.

Also Big D has a point, are you self employed? Corporation tax, taxes corporations!

peterc2609

I'm director of a Limited Company, I work as an IT contractor.

I earn £230 a day. I have been trading since Dec 05, and have one full years accounts.

My girlfriend is a Civil Servant. She earns apprx 13k.

The house will be around 135k.

I know people will say "On that amount of money you should have loads saved"

But I haven't.

The two defaults were both satisfied over 18 months ago.

This is THE perfect house.

Its not as though I'm looking at a 250k house... its a cheap house which I love.

herbiesjp

With the 5% deposit, and assuming your net profit for the year is enough to support the mortgage (along with the £13k), there are some lenders that could look at this for you

There would need to be a good reason for the defaults and a good track record since, but it may just squeeze through with a couple of lenders