125% Mortgages - Best Buys
125% mortgages are loans that cover the full purchase price of your property plus up to 25% extra over and above the property value. These usually work as a 95% mortgage with up to 30% available as an un-secured / personal loan on top. The un-secured loan element will usually be at the same interest rate as your mortgage interest rate, which may be a beneficial rate compared to separate un-secured loan rates.
The overall cost for comparison is 6.5% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case'.
Please contact us for details on the rates available for this type of mortgage.
