Got a 100 percent mortgage?

there is almost a minimal chance that you will be able to get a 100 percent mortgage these days due to the current economic climate. Banks simply are not lending, and a 100 percent mortgage is very a thing of the past.

It was only a year ago that my friend managed to get a 100 percent mortgage, but if she tried now, i am pretty sure she would be refused. The banks don't have the money to lend, so a 100 percent mortgage is very risky for them.

However, i think it is a shame that people are being turned down for mortgages at this moment in time. I hope the market will pick up again and getting a 100 percent mortgage will become possible once again.