100% Remortgages - 100% LTV Remortgages

100 Per Cent Remortgages won’t suit everyone, but to ensure that the 100% remortgage applicant gets the best advice we would encourage them to contact an independent remortgage broker.

100% remortgages are often suited to those purchasing a property when house prices are rising faster than they can save a deposit or even when the property owner has no more equity in the property to borrow against. They are equally suited to home owners who have significant equity in the property.

100% loan to value remortgages involve, very strict credit checks and the applicant needs to prove exceptional credit worthiness due to the excessive risk on the lenders behalf.

Some 100 per cent remortgages carry a higher lending charge, previously known as a mortgage indemnity premium. To counteract the risk the lender willingly exposes themselves to.

Do remember that some lenders add the lending charge premium to the remortgage debt, meaning the lending charge is subject to interest charges for the duration of the remortgage.

Additionally we would encourage all 100% remortgage applicants to bear in mind that even though some remortgage companies do not charge a mortgage indemnity guarantee premium , they may apply a slightly higher rate of interest to the remortgage debt.

How to make best use of a 100% per-cent remortgage; if the property you had bought 6 years ago for ₤150,000 is now worth ₤300,000. A 100 percent remortgage could deliver the cash for the full ₤300,000 that your property is now worth. You could use the capital to:-

  • Repay The Original Mortgage
  • Invest In Some Home Improvements
  • Buy That Dream Sports Car
  • Or for another reason
100 percent remortgage applicants should consider a fixed or capped interest rate remortgage option as these can offer valuable protection against the risk of rising interest rates.

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