100% mortgages

[Safeway]

Any idea when these are likely to be available again, if ever?

 

[Tricky Dicky]

Why would you ? With respect, I mean, I know deposits can be difficult to find, but with a 100%, one small movement in the house market the wrong way and you are instantly in negative equity. Also, you would pay a higher percentage rate.

 

[Gritt23]

They won't come back until the property market sees regular monthly increases in value.

 

[Springal]

No chance

 

[Rookie]

never hopefully along with self assessment mortgages

 

[Gazwag]

When Uncle Spielberg retires to live on his gambling winnings

 

[surrey jim]

Does anyone offer 90% mortgages at present, been looking around but highest I can see have been 80%

 

[withdeanwombat]

2103

 

[fozzie's headband]

Does anyone offer 90% mortgages at present, been looking around but highest I can see have been 80%

C&G do

 

[sten_super]

Does anyone offer 90% mortgages at present, been looking around but highest I can see have been 80%

Natwest do, but the interest rates are outrageous.

NatWest Mortgages - Get fixed rate mortgages here

 

[VeronaSeagull]

Got an 85% one from Nationwide, they do 90% just on poor interest rates

 

[Don Quixote]

Never again hopefully.

 

[beorhthelm]

Any idea when these are likely to be available again, if ever?

never hopefully along with self assessment mortgages

neither are a problem if they are the right product for the person/property involved. the control needs to be on who gets them and how much of the banks loans are exposed, not a simple banning. 100% mortgage is fine if you are planning to stay long term or accept the risks if the market turns against you. self assessment need to be backed with accounts,

 

[seagullsovergrimsby]

I dont think 100% mortgages will ever return , the way things are heading the norm will be end up at 60% plus those paying top whack interest rates on 75% aimed at first time buyers and BTL merchants.

 

[The Wookiee]

Anybody no anything about No Money Down deals ?

 

[strings]

Does anyone offer 90% mortgages at present, been looking around but highest I can see have been 80%

Nationwide offered my a 90% morgage, as I was an existing customer. They were also willing to offer to give me a morgage far larger than I could ever afford to pay back!

 

[seagullsovergrimsby]

neither are a problem if they are the right product for the person/property involved. the control needs to be on who gets them and how much of the banks loans are exposed, not a simple banning. 100% mortgage is fine if you are planning to stay long term or accept the risks if the market turns against you. self assessment need to be backed with accounts,

I thought self assessment mortgages are on the way out (even with accounts) as they are considered to be sub prime. Is it something to do with planned reforms in the banking sector ?

 

[Gus Poyet's inner FLAIR]

 

[seagullsovergrimsby]

Calling Uncle Spielberg , Calling Uncle Spielberg. Never here when you feckin need him.

 

[Gritt23]

It'll happen it's just a matter of when.

It's all very well that the Government criticises the Banks for their reckless lending in the past, but the last 12 months, the Givernment have been working hard to suddenly get the Banks to lend MORE again.

What is the message we are trying to send to the banks, if we are saying "hey stop being soooo careful with your lending. C'mon or we are going to bring in legislation to force you to lend more."

Truth is, there is plenty of good intention when the shit hits the fan, but pretty soon, everyone realises that they want to go back to where we were before the crash, and somehow convince ourselves that the cycle has been broken this time and another crash won't follow.

I reckon 100% mortgages will be back within 3 years.