100% Mortgages

A

AJP

Guest
Just considering applying for one as I need to buy a property soon but don't have a deposit saved.

I was reading that they are only available to certain professions. Is this the case and what are the pitfalls of a 100% Mortgage ?

Which banks are prepared to offer them ?
 
AJP said:
Just considering applying for one as I need to buy a property soon but don't have a deposit saved.

I was reading that they are only available to certain professions. Is this the case and what are the pitfalls of a 100% Mortgage ?

Which banks are prepared to offer them ?
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what do you do ? , its only available to a very small number of jobs
 
I work in sales at Apple Computers. I don't think I'd qualify but is it strictly enforced ?
 
AJP said:
I work in sales at Apple Computers. I don't think I'd qualify but is it strictly enforced ?
Click to expand...

you won't...... its very strick as I understand it...
 
As I understand it the professions covered are Doctors, Dentists, Lawyers, Pharmacists, Opticians, Physiotherapists, Vets, Accountants.
 
I got a 100% mortgage and don't fall under any of those professions. I work for a highly regarded (at least by the bank!) management consultancy firm and my girlfriend works in a good position (but not doctor) in the health service. We got the 100% mortgage from BoI and they indicated that it was the fact I worked for that company they were prepared to give us that finance.
 
I was always amused at the inclusion of lawyers in the list - solicitors yeah but barristers no !
 
The term "lawyer" covers both solicitors and barristers. Ulster Bank and First Active are the only lenders officially offering 100% but BoI and AIB will both consider them on a case by case basis but only (as above) if you have either connections via your employers or family.

Sarah

www.rea.ie
 
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