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Original poster

Do you ever think 100% mortgages will come back?

127 replies

peebles32 · 02/06/2024 11:22

Talking to my grown up children and the thought of owning a house does not cross their mind.
They just presume it won't be a possibility.
Not in a position to save as paying extortionate rent in an expensive city.

Do you even think 100% mortgages will come back?

OP posts:

Tippexy · 03/06/2024 14:19

🤣🤣

BlackBean2023 · 03/06/2024 20:21

Mayhemmumma · 02/06/2024 22:41

DH and I got over 100% mortgage (I think it was 110%) to buy a 1 bedroom flat - it started our journey of doing up properties and selling, it's taken about 17 years but we've gone from that flat of £135,000 to a house worth £1.5 million

I'm grateful to northern rock! We would have struggled to buy even back in 2006/7 without a huge mortgage.

People are paying vast sums in rent why not offer larger mortgages where clearly affordable

You've also benefitted from a booming market and very low interest rates.

100% mortgages can quickly become 115% mortgages with a downturn in the market. I would much rather rent than be stuck in a house I can no longer afford in negative equity.

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