Are there 100% mortgages available?

by , 6 May 2012


add your answer here

Hi pmcf10 and welcome to the forum.

In a word, no, 100% lending has died a death as a result of the current adverse financial situation and lenders are now looking for financial input from all borrowers. There has always been comment about a loan being 'secured' on property but the stark facts are that only forced repossession will access that security and of course with a 100% advance on a property that may dip in value, or indeed be sold at a reduced 'forced sale price', there is bound to be a shortfall taking that into account plus high selling fees, legal fees and lenders high admin costs. As such, 100% lending is far from 'best practice' mortgage lending and may never return.

by Snoopy48, 6 May 2012

Hi pmcf10, and welcome to the forum.

Only guarantor mortgages where a family member acts as guarantor for a period of time.

by fruitcake, 6 May 2012

Posts within the community represent the views, experiences and opinions of members and experts only. They should not be taken as financial advice and should not be followed without further research.

Get our free money saving newsletter
Join over 450,000 other subscribers who grab our expert money tips, unmissable money guides & hottest bargains each week in our special email...