100% Mortgages for new build property including new build flats and apartments

Are you a First Time Buyer struggling to get on to the property ladder? Or perhaps you are a property developer struggling to sell new build FTB property (including new build flats) due to the credit crunch? How would you like to offer a 'move in with no deposit' deal to your prospective buyers!

Sorry this product has been withdrawn without notice by the lender. We will post details of any new 100% mortgage products as soon as they become available.

At 85percent.co.uk we have arranged a great new mortgage product to allow home buyers to purchase their new home with no deposit. 100% Mortgage.

Developers

If you are a developer struggling to sell your new build apartments in this current financial climate then we could offer you a solution. You could now offer your buyers a No Deposit deal to buy the flat.

Why is there difficulty selling new build flats? Even with the developer slashing prices by 20, 25 or 30 percent in some cases properties have still remained on the market! In the mortgage market right now we are finding new build flats and apartments are the most difficult to sell as buyers cannot obtain more than 75%LTV mortgage against the property. Even with a drastic cut in purchase price the general first time buyers and next time buyers are still unable to get the mortgage required.

How we could help you

We have been sucessfull securing 100% mortgages on new homes and new build flats, so if you are a property developer with new build flats on the market you need to sell call us today about offering your buyers 100% mortgages to buy your property. We will be happy to call your client or get your client to call us to arrange the mortgage for them.

General Criteria:

No Early Repayment Charges

Mortgage loan is full status based on 4.5 X Income or 3.25 Joint Income

Maximum mortgage of £150K.