Expert Mortgage Advice & £100,000 Mortgage Deals Suitable For You
Let us put you in touch with expert mortgage advisors who will give you impartial advice and help you find low % £100,000 mortgage deals.
No credit search conducted
Working with leading lenders ...
We work with high street and other lenders so you’ll get access to suitable deals that you may be able to apply for.
Why use us?
From the information you provide to us, our experts will search the market and find the most suitable products for you. If you are happy with the product on offer, we will handle all the necessary paperwork for you, including any relevant applications, to ensure that everything runs smoothly for you.
From just a few minutes completing some basic information, we will quickly search for suitable financial products for you.
We’ve helped thousands of customers secure financial products and service so you know that you are in capable hands.
Reduced stress & time saving
Choosing the right financial product is time consuming and can be stressful, so remove much of this by putting it in the hands of one of our financial experts.
Whatever type of financial product or service you are looking for, our service is reliable and always matched to your own personal circumstances.
Whether you’re looking for Mortgage Advice, Loan Advice or Insurance Advice or any other financial product or service, we can help you…
“Did a great job helping us with our mortgage. I would recommend!”
So ... how can we help?
Buying a financial product such as a mortgage can be the biggest decision made in our lives. It is for this reason that impartial advice is critical from qualified advisors.
Find a suitable £100,000 mortgage deal
A lot of new buyers in the market want to opt for a £100,000 mortgage to help them buy the property they want. However, a £100,000 mortgage is a large sum and many people have been declined in the past or have a poor credit history.
If you are looking to get a £100,000 mortgage you might be wondering what the monthly repayments would be, how much deposit you would likely need and how the length of the term will impact your affordability. We can answer these questions below and if you need guidance on any mortgages get in touch with our Finance Advice Centre team today and our specialist advisers will be on hand to help.
What are the monthly repayments on a £100,000 mortgage?
The answer to this question will depend on a number of factors. Firstly, you should consider the interest rates as they can differ from lender to lender as they are based on your credit rating, affordability, and overall eligibility. Also, an important factor to take into account is the term length on your mortgage, the longer the term length the less you’re likely to pay each month. For example, if your term is 25 years with a 3% interest rate your £100,000 mortgage repayments could typically be about £474.21 but this is just an estimate for illustrative purposes. You should consult a mortgage broker or lender for the most up to date information and interest rates.
The interest rate you will have if you borrow a £100,000 mortgage will be based on how much risk the lender is taking which they will determine by how much deposit you are able to put down and your ability to make repayments. If you need more information on mortgage repayments on £100,000 contact us now and our advisers will be able to give you an idea of the kind of rates you could get based on your personal circumstances, eligibility, and affordability.
How long does it take to pay off a £100,000 mortgage?
Many people looking at mortgages and property raise this question frequently because everyone wants to know how long it’ll take to clear their mortgage and not have to make those payments anymore. It all comes down to the term length on your mortgage and how long you are able to take out your mortgage for will be based on how much you are able to pay each month.
A longer term will typically mean lower monthly payments but also more interest, meaning in the long run the overall cost will be higher. You can make significant savings if you take out your mortgage over a shorter term, but this can’t always be done as a lot of buyers wouldn’t be able to afford the higher monthly repayments.
Our approach - and how we do it
We love speaking with our clients. Either give us a call or fill in one of our contact forms. Remember, we love a challenge!
One of our Advisors will then find out what you’re looking to do, discuss your options and answer any questions you may have.
Your Advisor will find the best option for you and help arrange things. You then sit back and relax while we do the rest.
Ready to assist you.
Choosing a financial product or service, such as a mortgage, remortgage, loan or insurance can be daunting and your choice is a decision you need to get right. For this reason, it is vital that you get impartial advice from competent and qualified advisors. Whether you are a first-time buyer, looking to remortgage, hoping to remortgage or even buy a property to let, needing a loan or insurance this is where our advisers excel.
Be reassured that our aim is to guarantee reliable financial advice appropriate to any individual that makes contact with us. Through our network of contacts, we have access to thousands of financial products, from mortgages to loans to insurance, so we are confident that we’ll find one to suit you.
Does being self-employed have an effect on getting a £100,000 mortgage?
If you are self-employed or a large amount of your wages comes from extra sources such as overtime, commission, or benefits, lending may not be quite as easy as every provider will have different criteria on what they perceive as declarable capital. Therefore, if you are self-employed or earn a “non-standard” it is recommended that you get specialist advice from our team and we can direct you to the suitable lenders that can accommodate your circumstances.
How much deposit is needed on a £100,000 mortgage?
Lending a mortgage is based on how much you need to borrow from a provider offset against the value of the property which is known as the loan to value (LTV) ratio. For example, if you put down a deposit of £10,000 on a property worth £100,000 you would own 10% outright and need to borrow 90% of its value from your mortgage lender so your LTV ratio would be 90%.
The maximum LTV you can get on a residential property in the UK is 95%, so in that case you would need at least £5,000 as a deposit to get a mortgage on a house worth £100,000. Some mortgage providers might insist that you put down more of a deposit however, if you have any bad credit, to reduce the risk involved in lending to you.
Is it possible to get a £100,000 mortgage with no deposit?
Most mortgage providers in the UK no longer offer 100% mortgages so you would need some form of deposit for a £100,000 mortgage. One of the few ways to get a mortgage without paying a deposit is if a family member or close friend acts as your guarantor. With a guarantor mortgage whoever is supporting you will need to offer their own property as collateral to secure the loan or pay a lump sum into a savings account held by the lender. They won’t be able to withdraw any money from this account until a certain amount of the mortgage has been paid off and could be liable to make any payments that the borrower misses. Find out more about £100,000 mortgages and any other type of mortgage by speaking to our expert advisers today at Finance Advice Centre.
As a mortgage is secured against your property, it may be repossessed if you do not keep up the mortgage repayments.
See what our customers think ...
I would highly recommend the mortgage advice service Alice Hale was amazing throughout she is a credit to your organisation and helped us secure our dream home
We had a long journey buying our first home together and recent pandemic events didn’t help matters. Every step of the way, our advisor Steve was supportive, positive and we had every confidence in him. He was able to arrange a good deal for us and we were able to move into our dream house this autumn.
I used George from the finance advice centre to get my mortgage, and he was nothing but amazing! Talked me through every step, always easy to get hold of ! And got me a brilliant product I would highly recommend him, just brilliant 5 stars from me
What a Fantastic Service from start to finish. Great customer support from Ben Patten & Joe Frayne, superb product knowledge and exceptionally responsive to emails/calls, we can 100% recommend the Finance Advice Centre Ltd , they got us a great deal on a mortgage with suited life insurance, especially during this very difficult Covid 19 time ……
From start to finish, Greig and Emily were very helpful with our mortgage application. The advice Greig gave us was very clear and informed. They were always available either by phone or email to answer any questions we had. The whole process was made a lot easier because of the work they did. Would thoroughly recommend
Let us do the work of finding your mortgage
We’ll put you in touch with impartial advice from an expert mortgage advisor who will help secure you the best mortgage deals available.