Home   Get Quote   Mortgages   Remortgages   Glossary
No Deposit Mortgages

Increases in property prices over recent years, particularly in property hot-spots like Edinburgh, mean that many first-time buyers now find it increasingly difficult to get on the housing ladder due to their lack of a suitable cash deposit.

However, a range of mortgages are available for first-time buyers that do not require any deposit from the borrower.

In the past, some of these mortgages were available for up to 125% of the value of the property. This meant you could borrow extra funds to cover the costs of moving or to buy furniture, etc.

Unfortunately, the credit crunch has severely curtailed the choice for people wanting to borrow 100% or more of the value of their property. For first time buyers with an impeccable credit history there is a chance you may still be able to obtain a 100% mortgage. But they are nowhere near as readily available as they were a year of so ago, and the 125% mortgages are all gone - at least for the time being.

To find out more about no-deposit mortgages, please request a mortgage quote and we will pass your details to a mortgage broker who will contact you to discuss your situation in more detail.

Latest News Headlines


For more mortgage and property news from across Scotland

click here