100% Mortgages - Cheap Mortgage Deals

Since the credit crunch 100% mortgages are now unavailable in the UK.

You will require a deposit of 10% for first time buyers or next time buyers, however there is one lender who would look at 95% mortgages for their existing customers.

However interest rates for these higher loan to value (LTV) products are much higher than those able to put a larger deposit down thus lowering the LTV.

In the past some lenders expected you to take out a Mortgage Indemnity Guarantee (MIG) on higher LTV products which is the lenders protection, insuring against you if you should default on the loan, something you are statistically more likely to do. However at the present time No lenders are requiring this guarantee.