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YES! 100% Mortgages mean just that, you will receive a loan for the full purchase price of the property.
You will also find that as well as having to pay a higher interest rate, you may be charged for a bigger mortgage indemnity guarantee (MIG) premium than if you put some of your own cash towards the purchase price. However, to help cash flow, most lenders will allow you to add the MIG to your mortgage.
If you are borrowing the maximum, you should look at fixed or capped interest rate mortgages, since these buy valuable protection against rising interest rates.
Advantage with 100% mortgages are:
Disadvantages with 100% mortgages are:
But the wrong 100% mortgage can cost you more ££,£££s than it should and independent impartial advice is essential.
We are qualified independent mortgage advisors that can be trusted to give you that independent impartial advice.
Why 100% Mortgages from
MFP Lending?
There are lots of great deals on 100% mortgages in the
UK and
MFP Lending have them ALL, we have: -
Access to all 100% mortgages in the
UK -
Every known special offer on 100% mortgages in the
UK -
Every latest deal available on 100% mortgages in the
UK -
Plus exclusive deals through the many mortgage clubs we subscribe to
Every month we help hundreds of people, just like you find their perfect mortgage. Find out why so many people put their trust in
MFP Lending.
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