Getting onto the property ladder might be easier than you think with our new 100% mortgage. Designed to help home-buyers who have little or no deposit, our newest mortgage is available for 100% of the value or purchase price of your property (whichever is lower), up to a maximum loan amount of £125,000.
Our mortgage guarantee also promises that we’ll give you our best service, or we’ll pay you £100!
We don’t charge any set-up fees, however, a higher lending charge will apply on our 100% Mortgage.
Maximum loan to income is 4 x annual income (benefits can only be taken into consideration if they are payable for the full term of mortgage – evidence of this will be required). For non-contractual regular income such as bonuses or regular overtime, some of this income may be considered if proof available over a two-year period
Fees cannot be added to loan amount (Higher Lending charge applies – 1 % of loan amount, therefore, max fee £1,250 if property price/value = maximum permitted under scheme)
All loans are subject to status and meeting our lending criteria, which will include a credit reference assessment. If you do not meet the affordability assessment, our team will advise the maximum amount (if any) you may qualify for and if it is possible to lend with a deposit.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Please check first that you are eligible to apply:
You are aged 18 or over
You have a UK bank account in your own or joint names
You are a permanent UK resident
You have never been bankrupt or had a Court Decree
To complete your application you will need:
Your current employer's address details
Details of monthly income and outgoings
Bank or building society details (sort code and account number)
To enable us to make a decision on your loan application we will contact Credit Referencing & Fraud Prevention Agencies. This will register a search against your credit record and if your application is successful we will share the information we hold for you with these agencies. Further details are available in our Fair Processing Notice
It is important that you read the Fair Processing Notice document above. If there is anything that you do not understand, please contact us.
Please be aware that the longer you take to pay back a loan, the more you will pay back in interest. If you go for a shorter term your monthly repayment might go up, but you'll save in interest and pay back your loan faster.