100% mortgage

A 100% mortgage is a mortgage for the full purchase price of the property that you are buying.  100% mortgages are ideal for those people who want to buy  a property but do not have a typical 5% or 10% depoosit to reduce the overall amount of the mortgage.

Borrowers who take out 100% mortgages may be liable to pay a higher lending charge (HLC).  The higher lending charge is typically charged when you borrow 90% or more of the purchase price of your property - it can also usually be added to your overall mortgage but it will increase your monthly payments.

100% mortgages are ideal for those people who do not have a deposit but you may also pay a higher interest rate.  100% mortgages can also be obtained on a fixed rate or capped rate basis.

Select from the list below to find out more about the different types of mortgages or call us for a no obligation chat on 0844 346 3672.

John Charcol is not authorised to offer investment advice.  We recommend you seek professional advice with regard to these topics if you believe they may affect you.

Terms & conditions

Your initial mortgage consultation is obligation free. There will be a minimum fee for our mortgage service of £450, of which £150 is payable when you apply, and we will retain the commission from the mortgage lender. Alternatively, you can choose the fee only option which is typically 0.65% of the amount borrowed. The precise amount will depend on your circumstances and mortgage loan amount, and will be discussed and agreed before you make a mortgage application.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT

Legals

John Charcol is a trading style of Towergate Financial (West) Ltd, which is authorised and regulated by the Financial Conduct Authority; our registration number is 147692. John Charcol Associates LLP is an appointed representative of Towergate Financial (West) Ltd, which is authorised and regulated by the Financial Conduct Authority.  Registered office: Towergate House, Eclipse Park, Sittingbourne Road, Maidstone, Kent ME14 3EN. Registered in England No: 02292688.  This mortgage site is only directed at persons within the UK.   The FCA does not regulate some investment mortgage contracts.  Calls may be recorded for training and monitoring. Max call charge from a BT landline is 3.9p per minute. Calls from other networks may vary.