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You are here: Home / Mortgages / 100% Mortgage now Available

by Payam Azadi

100% Mortgage now Available

nichemortgages

 

100% Mortgage now Available – For First Time or Subsequent Buyers

I now can help with 100% Mortgages but before you click reply – please read on as the criteria is understandably quite prohibitive.

The product is aimed at applicants whose parents are willing to help but do not want to part with any cash (i.e. a deposit) in the process.

How the product works
You will receive a 100% mortgage. The lender will spread the security of the loan over your property (75%) and your parent’s home (25%). The aim is to release the parent’s charge after ten years which is achievable as property values are likely to increase and the loan will be less as you would have made repayments.

Qualification

  • Applicant’s income must support the full loan on a repayment basis.
  • The parent’s income and status will also be assessed.
  • The parent’s must be aged 59 or below and have a mortgage 50% or less on their home.
  • The parent’s cannot have more than one mortgage on their residential home. If they another secured loan charge we cannot help.

Will I need any money?

  • There will be a valuation fee and £299 booking fee. The lender will also deduct £999 from the advance on completion.
  • You will need to consider all the standard moving costs.
I’m always here to talk over your requirements and remember I do not charge fee majority mortgage cases, and I have access to the whole of the market. My firm is not linked to any bank, building society or estate agent so I can offer impartial advice at all times.

Affordable Life Insurance quotes

The sooner you have Life Insurance the cheaper it will be. I have access to a large panel of providers who can cover you for all types of insurances for your needs. I know everyone thinks they are invincible but we all have to go eventually, and without adequate protection your family may have to change their lifestyles significantly.

I can give you a free life insurance quote in a matter of minutes, and some polices can start from a just a few pounds a month, better yet my advice and recommendation for this service is FREE of charge.

Dont forget you can always call me on 020 7993 2044 or email on info@nicheadvice.co.uk.

Payam Azadi

Niche Advice Limited

Payam Azadi

Author: Payam Azadi

Payam Azadi is a partner at Niche Advice who are whole of the market Independent Mortgage Brokers. His role is very much focused on Property financing both on residential and commercial lines. To get in contact with him please click here.

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Filed Under: Mortgages Tagged With: 100% Mortgage, First Time Buyer Mortgage, First Time Buyers Mortgages, Life cover quote

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AS A MORTGAGE IS SECURED AGAINST YOUR HOME OR PROPERTY, IT COULD BE REPOSSESSED IF YOU DO NOT KEEP UP THE MORTGAGE REPAYMENTS.

If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.

Niche Advice Limited is a Credit Broker and does not lend money directly to clients. Niche Advice Limited is authorised and regulated by the Financial Conduct Authority. FCA Number: 750263.

Commercial Buy-to-Let and commercial mortgages are not regulated by the Financial Conduct Authority.

Our Fees

Click here for our fees structure. A full detailed fee plan will accompany all our quotes.

Niche Advice Limited has a commercial arrangement under an affiliate programme with Check My File and is remunerated for referrals.

Terms and Conditions

If you wish to register a complaint, please write to us on the details below or call us on: 020 7993 2044.

Correspondence Address: Niche, Unit F6, The Addington Business Centre, Vulcan Way, New Addington, Surrey CR0 9UG.

A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234567.

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Tel: 020 7993 2044

Registered Office: Niche, Unit F3, The Addington Business Centre, Vulcan Way, New Addington, Surrey CR0 9UG. Registered in England & Wales. Company registration number: 06599033.

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