hamster Posted 25 March, 2012 Share Posted 25 March, 2012 If I wanted a 100% mortgage for a property worth £80,000 where should I go? We have a small very modest monthyly income and rental income which easily covers the BTL repayments. Need our meagre savings for a few mods and cons. Good credit rating. Link to comment Share on other sites More sharing options...
Liquidshokk Posted 25 March, 2012 Share Posted 25 March, 2012 Don't exist anymore do they?! Link to comment Share on other sites More sharing options...
saintfully Posted 25 March, 2012 Share Posted 25 March, 2012 Australia Link to comment Share on other sites More sharing options...
Channon's Sideburns Posted 25 March, 2012 Share Posted 25 March, 2012 Sorry - no chance - a couple in Northern Ireland, but that's about it. Aldermore offer 100% but it's a complicated product only available to FTB's with a family guarantee. 5% deposits are only just coming back to be honest. You won't see 100% again. Have you looked at capital raising a deposit through your BTL? Link to comment Share on other sites More sharing options...
sotonjoe Posted 25 March, 2012 Share Posted 25 March, 2012 Can't do 'buy to let' 100% mortgage now as far as I know. Link to comment Share on other sites More sharing options...
Stepgar Posted 25 March, 2012 Share Posted 25 March, 2012 most financial houses wont offer a 100% anymore, as previous people have said 95% are only just starting to make an appearance, and I think they will be heavily priced compared to lower LTV's (Loan to valuation of property). In terms of BTL - good luck. There are a couple of places that do them. I know HSBC does them but you have to be a Premier customer of theirs and if you were in a position to be one these then you wouldn't even need a 100% mortgage. Be careful as there are still sharks out there that could easiy trap you in to serious amounts of interest and fees. There is an independent company called John Charcoal they may be able to help. Link to comment Share on other sites More sharing options...
Crouchie's Lawyer Posted 27 March, 2012 Share Posted 27 March, 2012 BTL's are still readily available but the fee's are often a lot higher (as are the rates) than residential mortgages. The majority of BTL mortgages are available up to 70 - 75% of the property value but there are a few available up to 80% and even 85%. As previously mentioned 100% mortgages are no more (and doubt they will be for a while yet with uncertainty over the economy and housing market) a few obscure building societies offer 95% LTV on purchases and one I believe on a remortgage (Skipton BS last time I checked) but the majority of residential remortgages are only available up to 85% LTV. As CS states, the only 100% mortgage on the market is through Aldermore and is a form of a first time buyer guarantor mortgage which is complicated and requires a family member to act as the guarantor. If you are looking at raising some additional cash, it may be cheaper (and a hell of a lot easier) to look at a personal loan Link to comment Share on other sites More sharing options...
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