100% Mortgage


Finding finance at the moment to get a mortgage is impossible as the banks are not lending. Or so we are lead to believe… I am aware that the banks are infact lending and they will continue to do so, as they are businesses after all and their market is money, lending and mortgages!

100% Mortgage

What can you do to be successful in your bid to get a 100% mortgage?  Think very carefully, as you need to carefully consider what are they looking for in new prospects for the bank (if you were interviewing customers as a bank manager, what would you want to see)? You need to think outside your own needs for a moment. Place yourself in the shoes (or boots) of the bank and the bank manager and see yourself walking through the door.

Putting it basically – would you lend to someone like you?

Would you be looking for;

Great payment record?
Stable job?
Ability to repay?
Trustworthy?
Property with excellent return (incase you have to resell it to get your money back?)
Positive attitude?

By taking the time to stop and consider your application more carefully, you can see what they are looking for and you do not match that criteria, then you have 2 choices basically- you can continue to be refused your applications and disappointed, or you can take the bull by the hands and ensure you offer the bank what they are looking for in a prospective mortgage customer.

Remember, borrow the whole 100% of the mortgage the bank are in reality taking all the risk, you can’t expect them to do that on anything that is not a “dead cert”, so make sure you, and your credit as well as the property step up to the standard to avoid disappointment!

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