For more financial information on borrowing, speak to the lenders at www.Business-Bridging.co.uk who will be only to happy to help you find a short term borrowing strategy to fit your repayment budgets.
When you are thinking about applying for a 100% mortgage or remortgage, for any type of mortgaging, be it, bad credit, buy to let, first time buyers, non status, commercial or self certification, there are number of things you can do, to help you make a better more informed choice of lenders that you can deal and borrowers that you can't.
The checklist below may be simple, and obvious, but a large percentage of UK residents searching for a 100 percent mortgage fail to prepare, and end up having to wait for longer periods of time before actually finding a lender that can cater to their needs.
Simply follow the guidelines below and you could find a 100% mortgage
broker who can cater to your need sooner, rather later. Owning your own
home need not be a pipe dream, even if you suffer from an adverse credit
history. Organise you future application by following the checklist
- Work out from your income exactly what you can comfortably afford to pay monthly
- Look for properties in that price bracket
- Obtain a copy of your credit report from Experian or Equifax
- Make sure that provider you deal with is FSA compliant
- Do not be pressured into lending more than you can afford. Interest rates may rise
- Make sure you read any small print in mortgage agreements
- Compare different providers and lenders offers
- Only sign if you are 100% sure you can afford the repayments
- Try to include payment protection..... just in case.
- Keep up repayments or you risk your home being repossessed
These are just a few checks and guidelines that you should stick to make sure that you do not end up in financial difficulty once you have arranged a 100% mortgage. Please be aware that if you do not keep up repayments on a mortgage or any loan secured against your home, you do run the risk of the property being repossessed.
We are only mortgage introducers, hence we are not qualified to offer mortgage advice, however the lenders that we deal with are governed, directly or indirectly, by the FSA, the Financial Standards agency, and they do have to adhere to strict guidelines. If you are in doubt at all about any package you are offered on any mortgage, not just 100 percent mortgages, then contact the FSA directly.
Now, to proceed with an enquiry for a 100% mortgage, navigate your way to our online enquiry form.