First Time Buyers Mortgages

High LTV Mortgages

How High LTV mortgages Work
A high LTV (Loan to Value) mortgage is a mortgage of between 100% and 130% of the property price

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

Disadvantages of high LTV mortgages
In effect, you are in negative equity from day one and if house prices then go down, your situation will worsen. Could be a problem if you need to sell or move.
The interest rate on high LTV loans is considerably higher. With some lenders, a Higher Lending Charge (HLC) could also apply.

Typical high LTV mortgages lenders
All but impossible to find these days as lenders are reducing their risk exposure. See if there's anything else that will suit you - seek mortgage advice.

High LTV mortgages advice
Request mortgage advice about borrowing over 100% of the property value.

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

100% Mortgages l Cashback 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