Visit Professional Section

Questions And Answers

 

1005 Mortgage

asked by Ana Miran posted 2 Years ago at 14:54
Hi there does anybody know if it's possible to get a 100% mortgage anywhere, i have assets but they are pretty illiquid!!

Can i go to a provider and get a mortgage in my circumstances??/

Any help or pointing in the right direction would be greatly appreciated.
1-1 of 1 Answers
Jill Bakeworth answered 2 Years ago at 20:52
Hi Ana - I don't know your circumstances but you might want to have a look at something new called a 100% LTV Family Guarantee Mortgage. It seems to be designed for families who wish to help out their children.

A family member must provide a guarantee with the guarantee being security on their property and must cover at least 25% of the child’s new mortgage. The total combined liability of all the secured debt (mortgages,loans..) cannot be more than 75% on both properties.

I don't know if this helps you at all. Jill
 
 

About Q&A

Get your questions answered by a unique network of professionals and fellow consumers for free. Share your knowledge and experiences by answering other consumer questions from the Total Investor community.