125% Mortgages and Remortgages.

 This means you can now borrow up to 125% of the property value and is available to first time buyers as well as second and subsequent buyers

 Available to first time buyers, next time buyers or someone wishing to release the equity in their home, by remortgaging, without moving house, the 125% mortgage is now available.

125% remortgaging enables a home owner to consolidate debts, pay off credit card bills, or raise money to help a child with a deposit for their first home.

In fact the extra money can be for "any legal purpose".

125% mortgages are particularly useful when property prices are rising faster than the speed at which a deposit can be saved.

First time buyers can borrow enough to buy the house, pay the solicitor, stamp duty, and still have enough to decorate or furnish.

125% mortgages are made up of a maximum of 95% secured against the property (a mortgage) and up to 30% (or £30,000, whichever is the lower) as an unsecured loan, but with the same mortgage interest rate applied across both parts.

125% mortgages are available on fixed or variable interest rates, with the flexibility to overpay without penalty

The 125% mortgage comes with NO Higher Lending Charge fee to pay.

The 125% mortgage has daily interest calculations.

125% mortgage available from the High Streets third largest lender

Main Points
The mortgage is flexible to allow overpayments without penalty
There is no Higher Lending Charge to pay
3rd largest U.K. High St lender
Daily interest calculations
DECISION IN PRINCIPLE AVAILABLE IN MINUTES

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage

On the negative side
The interest rate is usually higher than on sub 100% mortgages.
You will be borrowing more than the value of the property (a maximum of 95% as a mortgage, and a maximum of 30% (or £30,000 whichever is lower) as an unsecured loan.