A 100% mortgage loan covers the full value of a property, without the need to put down a deposit.
A 100% mortgage is very popular particularly among first time buyers wishing to get a foot on the property ladder but who do not have a deposit available.
Many lenders are now offering 100% mortgages at very competitive rates. Some even offer the opportunity to borrow above this amount to cover the moving costs or for home improvements. Whilst you may be paying more in interest payments for having borrowed that bit extra, you will be able to buy a home sooner rather than later.