What is it?

If you have a 100% mortgage your loan will cover the full cost of the property and you won't need to find any money for a deposit.

What does it offer?

A 100% mortgage enables you to get on the property ladder sooner rather than later because you don't have to spend months, or perhaps years, saving up for a deposit.

When is it worth considering?

If you are a first-time buyer, house prices are rising and savings interest rates are low it could take you a long time to save up a deposit.

What should I be aware of?

You'll pay more in interest than you would had you been able to put down a deposit.

With a 100% mortgage, if the property market falls you could end up owing more than your house is worth - this situation is known as negative equity.