MORTGAGES UP TO 125% OF THE VALUE OF YOUR HOME


With many first time buyers having had the benefit of a university education (and accumulated substantial debts in the process) it has become increasing difficult for many to afford their ideal first purchase when the payments to these outstanding debts are subtracted from their overall income.
With this situation in mind, a number of lenders are willing to consider offering you a mortgage of up to 125% of the purchase price (or valuation). This may allow you to bring down your outgoings, leaving funds free for the purchase of your choice.
Such mortgages will generally comprise of up to 95% of the overall mortgage being secured against your property, with the remainder coming in the form of an unsecured loan taken out over the same term and at the same interest rate as the secured element. Not all schemes will be set up in this way and the actual details will be provided to you in an illustration before you apply.

 As Independent Advisers we have access to the whole UK market of mortgage lenders who offer schemes to suit almost every purpose, subject to scheme criteria. The table of lenders above is representative of the lenders who wil consider a mortgage of up to 125% of the value of your home.