Frequently Asked Questions

I have no deposit. Can I still get a mortgage?

Up until recently it was possible to borrow up to 125% of the property value which was useful to 1st time buyers who needed to incorporate fees etc into the mortgage amount.

However, at the time of writing there are currently no lenders willing to lend above 95% of the purchase price of the property. This situation may change in future and if it does we will have access to such products.

100% borrowing is still available if a guarantor mortgage is taken out. This is a specialist product where a parent can be included as part of the mortgage arrangement in order to achieve the level of borrowing required.

In any event it is important that you discuss your options with us as early in the process as possible so we can look at all the options available to you.

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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

We offer all our clients a free initial consultation after which a non refundable commitment fee of £95 will be charged with a further £250 payable on completion based on individual client circumstances. We also offer a fee only option whereby we charge a 2% broker fee on the amount borrowed and any commission derived from the lender is rebated back to the client.

The overall cost for comparison is 7.9% APR

Riverside Mortgages Ltd is registered in England and Wales. Registration Number: 5978086