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 ?
 

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
 
You must log in or register to reply here.
Menu
Log in
Register