Currently there are no mortgage lenders in the UK offering 100% remortgages.All 100%+ products were withdrawn from the UK market at the beginning of 2008, as mortgage providers struggled to raise finance for these products due to tightening lending criteria; the "credit crunch".
Mortgage lenders may well re-enter this market, but only once the confidence in the financial markets returns. Up till then remortgages are only likely to be available up to 90-95% and lenders are will be looking for prospective purchasers to have a 5-10% deposit available.
Remortgaging has become much more popular in recent years as lenders compete to offer the best deals and attract the most customers. This means that by switching your mortgage to another provider you could lower your interest rates and reduce your monthly repayments. You can also find more flexible terms and conditions, or even extend the length of time over which you repay your mortgage.
With a 100% remortgage you borrow the entire value of your property, with no deposit required. This can be a very good way to raise capital or consolidate debts if you have outstanding credit card and unsecured loan borrowing.
You can find an immediate, no-obligation 100% remortgage bad credit quote by calling us now on 0800 389 6345 or by filling in your details online.
100% remortgages won’t suit everyone. You may not want to take out such a high mortgage sum, or you may be looking for ways to reduce your monthly fees further. You can find out how much you will repay each month using our calculator tool. As with any secured loan or mortgage deal it’s important not to put too much strain on your finances or you could put your home at risk from repossession.
Arrange a 100% remortgage quote with Fresh Start Finance
Call us on 0800 389 6345 for a no-obligation remortgage quote with one of our friendly and experienced team. We are happy to discuss your situation and help you choose the best deal on the market.
Remortgage types - Fresh Start Finance
100 percent Remortgages
100 Percent Remortgage Calculator
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100 percent Remortgage bad credit rates
100 percent remortgage bad credit advice
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100 percent remortgage bad credit comparison
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