Types of Mortgages & Transactions:

There are different types of mortgages available. This is to suit many different situations / lifestyle requirements. These are some of the most popular mortgages explained. Click on the type for more of an explanation:

A 100% mortgage is usually granted to first time buyers and their attraction is obvious. With house prices increasing, the amount of money you need to make a 10% deposit is also constantly increasing.

However, even though 100% mortgages have advantages, there is also a downside. The first of these is that you run the risk of going into negative equity immediately even if house prices were to fall a little.

Negative equity is a major problem if you then find it difficult to meet repayments because if you have to sell your house the value will not cover your mortgage.

However if you are looking at your house as long-term investment and if you are able to meet the repayments then 100% mortgages are an option worth considering, and can be invaluable in helping you to get your foot on the first run of the property ladder by removing the need for a substantial deposit to be made.

Your home may be repossessed if you do not keep up repayments on your mortgage.

For mortgage advice you can choose how we are paid: pay a fee, usually 1% of the loan amount or we can accept commission from the lender
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Sesame is entered on the FSA register (www.fsa.gov.uk/register) under reference 150427.

The advice and / or guidance contained within this site is subject to the UK regulatory regime and is therefore restricted to consumers within the UK