With more and more lenders willing to offer 100 and 125 percent mortgages and remortgages, they have become increasingly more common.

A 100 percent mortgage is a secured loan for the full purchase price of the property and can be particularly useful for first time buyers with little or no cash savings.

A 125% mortgage is made up of a mortgage for 90% to 95% of the value of the property, with an unsecured loan for the balance, with both the mortgage and loan being available at the same interest rate and can enable you to borrow up to 125% of the property’s value without having to take a secured loan with another lender at a higher APR.

At Cook Allen & Associates we have a comprehensive directory of specialist lenders offering mortgage products designed specifically for this market at competitive rates.

If you would like more information about this or any other mortgage product offered by Cook Allen & Associates, please call 0845 257 9301, or complete our brief questionnaire and one of our qualified mortgage advisers will get in touch to discuss you mortgage requirements.

*The unsecured part of the 125% mortgage would not be regulated by the Financial Services Authority.