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NO DEPOSIT MORTGAGES IN SCOTLAND

No deposit mortgages in Scotland, 100% one hundred percent mortgages. Some mortgage brokers can arrange mortgages up to 125% on property in Scotland

At Scotland Mortgages, we help you find mortgage brokers and advisors who can arrange zero deposit, one hundred percent mortgages for house purchase and first time buyers in Scotland. Organising a mortgage in Scotland is not the same as arranging a mortgage in other parts of the UK. So it is important that you talk to Mortgage Brokers who understand the mortgage system in Scotland to get the best interest rates and advice.

Rising property prices in Scotland over recent years, particularly in property hot-spots like Edinburgh, mean that first-time buyers are often finding it difficult to get on the housing ladder. This is because traditionally mortgage lenders require buyers to have a 5% or 10% deposit. Of course, the more expensive the property you are buying, the larger your deposit needs to be. And for many young buyers, this can prove to be a problem.

However, there are now a number of no deposit mortgages designed with first-time buyers in mind. These no deposit mortgages do not require the borrower to put down any deposit.

Some no deposit mortgages in Scotland are actually available for up to 125% of the value of the property. This means you might be able to buy a property without the need for a deposit and also borrow extra funds to buy furniture or help you cover the costs of moving.

For more information on no deposit mortgages in Scotland, please complete our enquiry form and we will pass your details to a qualified mortgage broker.