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100% Mortgages from Glasgow Credit Union

Designed to help home-buyers who have little or no deposit, this 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.

IMPORTANT INFORMATION

  • 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