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100% Mortgages
A 100% mortgage loan covers the full value of a property, without the need to put down a deposit.
This type of mortgage is very popular with first time buyers because it allows them to get a foot on the ladder rather than wait until a deposit can be saved. It is now possible to obtain these mortgages with a past bad credit history. Some lenders will allow up to 125% of the properties value to be borrowed. This allows extra money to be obtained for debt consolidation, furniture or home improvements. Please be aware that 100% mortgages often have higher interest rates and higher set up fees.
To find out what lenders will allow 100% and compare them please call us now on 0800 6 888 222.
Higher lending charges may apply.
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