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 0845 413 1057.

• Discount rate mortgage
• Capped rate mortgage
• Fixed rate mortgage
• Tracker mortgage
• Cashback mortgage
• Offset/Current account mortgage
• 100% mortgage
• First-time buyer mortgage
• Self-certified mortgage
• Buy-to-let mortgage

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.