125% uk mortgages

'125% mortgages' are loans that cover the full value of your property plus an extra 25% 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 key benefit(s) of a mortgage that will cover more than the value of your property, is that extra money may be borrowed to cover the fees / costs associated with purchasing a new property eg. solicitors fees, broker fee, valuation fee, removal costs, furnishings, stamp duty etc.

125% mortgages may not be suitable for everybody's needs. Although only 95% may be secured on the property, in a falling property market you may end up owing more than the value of your property i.e. a "Negative Equity Situation". You should obtain professional advice before deciding on which type of mortgage is most suitable for your needs.

We Believe the Best Advice is Independent Advice

Do you want all the benefits and features of a qualified, professional mortgage adviser who will act for you? Complete the online enquiry form or call on 0845 344 0349 .For further information on the service offered through 1st Direction Mortgages, please e-mail us on information@1stdirectmortgages.co.uk.

1st Direction Mortgages (UK) introduces to Park Row Associates Ltd and other strategic (independent) advice partners. Park Row Associates Ltd are a national independent financial advice company who are authorised and regulated by the Financial Services Authority. 1st direction mortgages, as part of the Mortgage Introduction Services group of websites, believe very strongly that the, "Best Advice is Independent Advice". We are very careful to ensure that all our partner advice companies are, and remain to be, independent and retain whole of market access to ensure that you can obtain (through our service) the most appropriate mortgage to meet your needs. For information on our partner advice companies, please click here.

Our other strategic partners have been selected to compliment our association with Park Row. It will be clear to you which of our partners will deal with your request at the earliest possible stage

The aim of this service is to introduce people like yourself to a specialist independent mortgage adviser, who can either advise and recommend a specific mortgage deal for you (based on your needs / circumstances) or can offer detailed information on suitable products to help you select the most appropriate mortgage deal available to meet your needs.

The key to our service is independence. The adviser that we will introduce you to will be fully independent, and as such will review the whole UK mortgage market to give you the best advice and access to some exclusive deals. You are under no obligation to proceed.

You will be instantly notified by e-mail of any additional information required, using an easy to complete mortgage questionnaire form. All information will be contained on a secure server, and will remain confidential between you and your adviser.

We like people to remain in control, so the preferred methods of contact are both phone and e-mail. It can be arranged that an adviser can come to see you in person at your request, but find that most clients prefer to work remotely.

Once the adviser has obtained the information they require to find you the most appropriate deal, he / she will source from the whole UK market using in-house regularly updated mortgage sourcing software. He / she can e-mail or post recommended product illustrations for you to look over (or may be available to provide a face-to-face advice appointment with you).

Any questions you may have will be answered.

Your adviser will advise, and you will be left to make an informed decision.

Company brochures may be provided upon request.

125% mortgages may not be suitable for everybody's needs. Although only 95% may be secured on the property, in a falling property market you end up owing more than your house is worth i.e. a "Negative Equity Situation". You should obtain professional advice before deciding on which type of mortgage is most suitable for your needs.

We Believe the Best Advice is Independent Advice