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Response to Where can I get 100 percent Mortgages

from Chris (chris@anon.co.uk)
Hi Anthony,

It might be advisable to go to a bank and see an independant financial adviser. However be warned there are many pitfalls to having a 100% mortgage. Firstly you are unlikely to get as good a mortgage deal as you would if you even put a small deposit down, also you are almost guaranteed to have to pay out for a Mortgage Indemnity Guarantee - the pitfalls of which can be testified to on this site. Do make sure that you can afford the repayments were the interest rate to double or even triple as you are probably less likely to be offered a fixed or reduced rate as you want a 100% mortgage. All the best - Chris

(posted 7878 days ago)

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