Finding 100 mortgages in the current unsteady economic environment is a tricky business.  The banks and investment houses have leant upto 125% mortgages until a few years ago when lending dried a bit and the mortgage market was bubbling over.

Now it is tricky to get 100 mortgages but you can still get a mortgage with a small deposit if you do your homework.  Firstly, make sure you choose a property with excellent potential and that is not overpriced. If it looks overpriced, then the lender will expect you to make up most of the shortfall difference in order to avoid negative equity, so get good value for money, don’t let your heart rule your head.

Secondly, get your finances in order. The APR that you qualify for will be dependent on your credit record and previous payments on your debts – if you pay off early or make repayments on time, your credit should look good and you should qualify for a better rate. This can potentially knock thousands of pounds off the balance you will have to repay over the term of the loan. So prepare in advance for your mortgage application.

100 mortgages are hard to get, so try and have a small deposit available to compensate, as you may get offered 95% mortgage or 90% mortgages. If you are expecting this to happen, then it is good practice to grab as much money as you can towards the down payment deposit, so that you are waiting to be offered the balance of the 100 mortgages.

Once the laws of supply and demand balance the mortgage market back to its more sustainable level, there may well be a return on 100 mortgages offering by financiers, so keep an eye on the dropping mortgage prices.