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Jargon Buster

105% Mortgages and Remortgages no longer available

Unfortunately 105% mortgages and remortgages are no longer available.  When they were in the mortgage market place it meant that you could borrow up to 105% of the property value (125% was actually be made available to you, if needed) . This was available to first time buyers, next time buyers or someone wishing to release the equity in their home, by remortgaging, without moving house.


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