Gable offers 100% LTV mortgage options for first and next-time buyers.
Gable offers 100% LTV mortgage options for first and next-time buyers.
The lender launched its 100% LTV mortgage range earlier this month.
The range is available for both first-time and next-time buyers, with rates from 6.40%.
Chris Lee, former director of Help to Buy and founder and CEO of Own Homes, says lowering the deposit is welcome, but it cannot solve limited housing supply, wider affordability...
The products do not require a cash deposit, guarantor, any other form of collateral security.
During the first five years of the mortgage, a buyer using a no-deposit product would pay an estimated £158,104 in interest alone.
The mortgage allows customers to borrow over 95% and up to 100% of the value of the property.
Rachael Hunnisett, director of mortgage distribution at April Mortgages, takes a look back at the 12 months since the launch of April's 100% LTV mortgage.
The Society has reduced residential rates at 90%, 95% and 100% LTV.
James Pagan, director of product, portfolio and operations at April Mortgages, explains why at 100% LTV, stability matters most.
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