100% Mortgages – Presently unavailable

A 100% mortgage is where the loan amount is equal to the purchase price of your new home, therefore no deposit is required. This can be useful for first time buyers, but consideration must be given to interest rates as a large increase in the lending rate could result in a drop in your property’s value resulting in negative equity.

Equity Release plans allow you to sell all or part of your property in return for a tax-free cash lump sum. A legal agreement then guarantees the right of residence meaning you can remain in your home rent-free (or for a nominal rent of approx £12 per year), for as long as you wish or until your demise.