Does anyone accept little or no deposit when buying a house?
Asked on Nov 7 2010,
House Prices in London |
Historically various mortgage products would give you a cashback or allow you 100% loans, but currently there is a shift away from this. You may find some lenders prepared to do so but the interest rates on these products will likely be far higher.
Answered on Nov 9 2010,
It would really be dependent on the type of financing that you secure on the purchase.
You’d need to speak to your broker in order to confirm this.
Answered on Nov 10 2010,
You're asking this because there are no 100% mortgage products any more. Absolutely right, that's what caused the crash. Moneysupermarket is a good place to look for mortgages. The lower the deposit, the higher the interest. But no-one is doing 100%.
Answered on Nov 26 2010,
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