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music man

125% Mortgage Need 5% Deposit

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I was In Mildenhall, Suffolk today and at Abbotts (Countrywide) they have an advertisement for a 125% mortgage but as I said one needs a 5% deposit.

Please comment on this as this is complete madness to me.

I went in and asked if they were having a laugh, however not they think that Northern Rock are offering this deal.

I said I couldn't believe what I was reading with the debt issues our country faces.

Strange world heh!

Edited by music man

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I was In Mildenhall, Suffolk today and at Abbotts (Countrywide) they have an advertisement for a 125% mortgage but as I said one needs a 5% deposit.

Please comment on this as this is complete madness to me.

I went in and asked if they were having a laugh, however not they think that Northern Rock are offering this deal.

I said I couldn't believe what I was reading with the debt issues our country faces.

Strange world heh!

And they probably thought "Wierdo". Harsh but true.

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The extra is to pay the stamp duty, legal fees, moving costs, plasma tv and deposit on a nice shiny new 4x4

Not forgetting that for new builds the 125% is for the advertised price, out of that you also get the kick backs and stamp duty paid by the developer.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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