![Should you get a 100% mortgage? Should you get a 100% mortgage?]() |
Should you get a 100% mortgage?
get on the property ladder, you could opt for a 100% mortgage. Sonal Patel looks at the pros and cons golden rule is: the larger your deposit, the better the mortgage deals that ll be available to you. For example, evenmonth in repayments based on a £150,000 repayment mortgage. However, if you can t save for a depositinterest rate - typically 1% more than the best buy mortgage deals - and there are risks. With a 100is worth a situation called negative equity, warns a broker at London & Country Mortgages in Bath. This is a danger when you come to sell or
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