100% Mortgages for First Time Buyers

Mortgage News

Below you will find news relating to mortgages. Get up to date information about the current mortgage market.

100% Mortgages for First Time Buyers

Found in: Mortgages February 13th, 2007

100% LTV mortgage insurance may help first time buyers.

More first time buyers may soon be able to get a foot on the property ladder, according to insurer Genworth Financial, due to the launch of their specialist mortgage insurance product.

The company claim that their new product will help to mitigate the considerable risk associated with 100% LTV lending by covering lenders’ risk.

As many as 57% of 21-40 year old property-hunters still believe that a deposit is required to secure a mortgage, according to research conducting by Genworth.

Tammy Richardson, managing director at Genworth, says: “Raising a deposit need no longer be a barrier to owning a home… Mortgage insurance for 100% LTV lending has a key role to play in providing first-time buyers with earlier access to home ownership while also enabling lenders to grow.”

Need help and advice? Use our Mortgage Enquiry Service to contact a specialist:

By working closely with FM2 Financial Consultants, creditmarket.co.uk has access to a wide range of mortgage solutions, even if you have had difficulty obtaining credit in the past.
With access to a mortgage database containing thousands of products including high-street lenders FM2 Financial Consultants are able to quickly find a product to suit your individual requirements.

		Submit some basic information: Title First Name(required) Surname(required) Date of Birth(required) House Name/Number Town County Postcode Home Phone(required) Work or Mobile Email(valid email required) Mortgage Amount £ Property Value £ Mortgage Purpose Mortgage Term Required
	First Time Buyers Moving House Remortgages Lifetime Mortgages (Equity Release) Flexible Mortgages Self Certification Buy to Let Bad Credit Mortgages

FM2 are 'whole of market' advisers with access to a mortgage database containing thousands of mortgage offers - updated daily with many high-street lenders including Halifax, Nationwide, Woolwich, Alliance & Leicester, Cheltenham & Gloucester, RBS, Abbey, Northern Rock, Coventry and Leeds Building Society. Their advisors are able to quickly find a product to suit your individual requirements.

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

top of page