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First Time Buyers Mortgages

100% mortgages

How 100% mortgages work
These loans offers up to 100% of the property price.

Advantages of 100% mortgages
You would not find a personal unsecured loan at such a low rate.
The funds surplus to 100% should cover all home-buying costs.

Disadvantages of 100% mortgages
In effect, you are in a  zero-equity from day one and if house prices then go down, your situation will worsen and you will go into negative equity.
The interest rate on high LTV loans is considerably higher. With some lenders, a Higher Lending Charge (HLC) could also apply.

Which lenders offer 100% mortgages?
Very hard if not impossible to find these days - ask a mortgage advisor if there is one for your circumstances.

100% mortgage advice
Request mortgage advice about 100% mortgages.

Features, advantages and disavantages of specific first time buyer mortgages: 

Cashback Mortgages l High LTV Mortgages l Graduate Mortgages l Professional Mortgages l Mortgages with Parents l Guarantor Mortgages l Family Offset Mortgages l Mortgages with Friends or Family l Mortgages at University l Rent a Room Mortgages l Affordable Mortgages l Interest only Mortgages l Part Repayment Part Interest Mortgages l Interest-free Start Mortgages l Shared Ownership Mortgages l Poor, Adverse or Poor Credit Mortgages l Key Worker Mortgages l Shared Equity Mortgages l 30, 35, 40 Year Term Mortgages

Best First Mortgages

Best First MortgagesSee the features of first time buyer mortgages, the pros and cons and where to find out more.

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ADVICE TO READERS
The contents of this site are for general information only and do not constitute financial advice. FirstRungNow Ltd is not responsible for any dealings or communications between its site visitors and other websites featured on www.FirstRungNow.com. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured against it. While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions. Property values can go down as well as up.

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