Reply To: Maximum mortgage & interest only?




What do you know about this broker offering 100%? Is it bona fide?

One has to be extremely careful with anyone offering 100% these days – if it looks to good to be true, then it probably is. Same old story.

Of late the 100% mortgage has been a favourite with hucksters. The unfortunate reality is that most people who need a 100% mortgage are under pressure, and sharks take advantage of this. The trick is you pay an upfront administrative fee, say 500 or 1,000 Euros, but then, surprise surprise, due to something in the small print you don’t get the mortgage, yet the admin fee is non-refundable.