Currently there are no mortgage lenders in the UK offering 100% remortgages.All 100%+ products were withdrawn from the UK market at the beginning of 2008, as mortgage providers struggled to raise finance for these products due to tightening lending criteria; the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.
Are you thinking of remortgaging your house? Thousands of people across the UK have been taking advantage of the benefits that remortgages can offer. From lowering your monthly repayments to extending your repayment term, switching lenders can help you save money and find better terms and conditions. It’s also a very good way to raise capital on your home, particularly if you take out a 100% deal. This means that you borrow the whole value of your property, paying no deposit on the sum required. It’s a good way to release cash for other investments, or as a way to consolidate existing debts on credit cards or unsecured loans.
100% remortgages aren’t the right type of deal for everyone. You may not want to take out such a high mortgage amount, or you may be looking for ways to reduce your monthly fees still further. However, they can be a very good way to raise capital on your home without paying huge interest rates. Visit our calculator page to find out what your monthly repayments could be on a remortgage deal. It’s important not to borrow more than you can afford to pay back, or you could put your home at risk.
Find 100% remortgage information with Fresh Start Finance
Call us on 0800 389 6345 to find more remortgage information and to arrange a no-obligation quote. We are happy to discuss your situation and help you choose the best option.
Remortgage types - Fresh Start Finance
100 percent Remortgages
100 Percent Remortgage Calculator
100 percent remortgage bad credit deals
100 percent Remortgage bad credit rates
100 percent remortgage bad credit advice
100 percent remortgage bad credit quote
100 percent remortgage bad credit comparison
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