100% Mortgages

100% Mortgages with Manchester Money

We're 5 Star Rated on Google

    
 
 
      Posted on Google  
   Joeleen Naidoo 
 4 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Excellent and outstanding service provided by Brandon Crichton. Absolutely quick feedback and response with our mortgage. Advise provided by Brandon was extremely helpful. Would definitely recommend Brandon if you want fast and excellent service . Brandon has extensive knowledge and expertise to assist with your mortgage. Mrs Angelay Naidoo
  
 
     Posted on Google  
   Susan Whitehead 
 4 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Our experience with Manchester Money and Carl was great from start to finish. Carl was very professional throughout the whole process, kept us informed and updated and answered queries when needed. Nothing was too much trouble. Super friendly and very approachable. Would recommend 100%.
  
 
     Posted on Google  
   Neelam Dharashivkar 
 16 days ago
 
 
 Trustindex verifies that the original source of the review is Google. A fantastic team with great expertise, a friendly attitude, and a strong commitment to helping others.
  
 
     Posted on Google  
   Leanne Parsons 
 22 days ago
 
 
 Trustindex verifies that the original source of the review is Google. From start to finish re-morgaging my property has been a seamless process. Carl my advisor communicated well at a time that was convenient for me and totally took the stress out of the whole process.
  
 
     Posted on Google  
   Jeremy Allmand-Smith 
 22 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Kept us up to speed during the whole process, communicated well and got us a great deal, would recommend to anyone!
  
 
     Posted on Google  
   William Staniforth 
 23 days ago
 
 
 Trustindex verifies that the original source of the review is Google. My experience with Manchester money has been great from start to finish. Adam has been very helpful with me securing my first property, very professional!
  
 
     Posted on Google  
   Matthew Whittle 
 23 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Carl was great and massively helped us with sorting our mortgage to move house
  
 
     Posted on Google  
   Jessica Whittle 
 23 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Carl has been great for us so far with the set up of our new mortgage. Nothing has been too much trouble. He is very approachable and came highly recommended from a friend too. Carl made it very simple and took the stress away at an already stressful time. Would 100% recommend for all your mortgage needs.
  
 
     Posted on Google  
   Mia Berry 
 25 days ago
 
 
 Trustindex verifies that the original source of the review is Google. I honestly cannot recommend Carl Barnes and Manchester Money highly enough. When we first started looking into getting a mortgage, I genuinely thought we would never be able to get one. The whole process was so daunting and I was convinced that there was no way we would the point of buying our first home. From the very very beginning, Carl completely changed that. He was incredibly knowledgeable, patient, and reassuring, and took the time to explain everything to us in a way that actually made sense. No question was ever too small, and whenever we were worried about something he was always there to help. What really stood out to us was how far above and beyond he want. He even took the time to answer our questions outside of his normal working hours, which made such a difference during what can be an incredibly stressful process. We never once felt like we were bothering him or that we were just another application. He genuinely cared about helping us get there. And somehow, after thinking it would never happen, our mortgage was approved!! We are now one step closer to buying our first home, and we genuinely don't think we would have felt anywhere near as confident or supported through the process without Carl. He has been absolutely fantastic from start to finish, and we will forever be grateful for all of his help. If you're looking for a mortgage advisor who is knowledgeable, responsive, genuinely cares about his clients, and will go to the extra mile to help you, I couldn't recommend Carl more highly. Thank you so much for helping make something I genuinely thought impossible a reality <3
  
 
     Posted on Google  
   Claire Yates 
 28 days ago
 
 
 Trustindex verifies that the original source of the review is Google. Recently contacted MM and the team were brilliant. Friendly, helpful and worked really hard when we encountered a few obstacles with our mortgage. Aaron especially made sure that everything was explained in detail with lots of helpful advice from Julia too. Would definitely recommend and use them again.

100% Mortgages Manchester

Last updated: 15th February 2024

Renting a property while saving up for a deposit to purchase your first home can be quite daunting due to the rising costs of rent, bills, and general living expenses. However, there’s good news as Skipton Building Society has launched the Track Record Mortgage earlier this year, the first 100% mortgage option since 2008.

This mortgage is specifically designed for renters who have been paying rent for at least 12 out of the last 18 months and struggling to accumulate enough savings for a deposit, thereby providing a viable option for first-time buyers.

What is the Skipton Building Society Track Record Mortgage

Skipton Building Society’s Track Record Mortgage is a unique 100% mortgage option designed for first-time buyers who are struggling to accumulate a deposit. Unlike other fixed-rate mortgages, the Track Record Mortgage does not require a deposit, making it an attractive option for those who are finding it challenging to save up for a deposit.

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Pros and Cons of 100% Mortgages

It can be incredibly difficult to save for a deposit while also paying rent during the current cost of living crisis. Therefore, having a mortgage option that doesn’t require a deposit is a significant advantage for first-time buyers.

However, it’s essential to consider the potential downsides that come with these 100% mortgages. For instance, the maximum amount you can borrow is typically limited to your current rent amount or less each month.

It’s also important to note that any missed repayments, such as mobile phone bills or subscriptions, within the last six months will appear on your credit report and may affect your eligibility for the mortgage.

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Further Guidance

We understand that saving up for a deposit while paying rent can be a significant challenge, especially with the current cost of living crisis. That’s why the Skipton Building Society Track Record Mortgage is a game-changer for first-time buyers.

At Manchester Money, we’re committed to providing expert guidance and advice to help you make informed decisions when it comes to purchasing your first home. Contact us today to find out more about the Skipton Building Society, 100% Mortgage and other mortgage options that may suit your needs.

Book Appointment

Are you eligible for the 100% Mortgage?

To qualify for this mortgage, each applicant must be a first-time homebuyer aged 21 or older.
Additionally, no payments on debts or credit commitments, such as mobile phone bills, should have been missed in the last six months.

Have proof of having paid rent for at least 12 consecutive months within the last 18 months.
Furthermore, you should have a minimum of 12 months of experience paying all household bills, including utility bills and council tax, during the same 18-month period.

Current criteria - 21st September 2023

Each applicant hasn’t owned a property in the UK or abroad in the last 3 years

Each applicant is aged 21 or over

deposit must be less than 5% of the purchase price

In addition to standard lending policy relating to missed payments and adverse credit, each applicant must have no missed payments on debts / credit commitments (e.g. mobile phone bill) in the last 6 months

looking to borrow up to £600,000

Not looking to buy a new build flat

Proof of having paid rent for at least 12 months in a row on a UK property, within the last 18 months

Must have 12 months experience paying all household bills within the last 18 months

Not looking to buy a property in Northern Ireland.

Please note that this product may be withdrawn at any time and without notice.