At the moment the banks and lenders is struggling and borrowing the full 100% Mortgage is   near on impossible. There are some the options available  take a look at your financial ability.

How should you do to help your situation and help to raise the money which you need for the mortgage??

You can increase your chances of success if you can apply and be approved for a 95% of the property value rather than the full mortgage amount.  Review all of your spendings each quarter & do whatever needs doing to help your odds. should you be able to raise a deposit for the property, well done, this shows sheer determination + that you are serious and are willing to offer a contribution in order to achieve your goal.

Other options to make such savings when you cutback on your spending.  You could also look for ways to raise funds.  Online offers various opportunities to raise money + with a bit of innovation + thought you may be the new internet webpreneur …  Should you not fancy the given way to get money, you can try various methods such as more work, casual labour - look at the local paper for these jobs especially leading up to Christmas.

Or instead of this, in recent weeks a few of the lenders have begun to lend100% Mortgages  promotions, however they are very picky at the min & you may need to show a1 bank details + a investment property to qualify such an offer.

With such low lending currently going on, the top % of the tree will get the funds & the rest of us will need to get the money in other ways, since mortgages is currently at a very low net rate.  It could of course change if the finance market of late rebalances and the laws of supply and demand adjusts this situation.

If you think about it realistically, a mortgage company should only lend you the market price, if they loan you a large amount of money and it goes straight into negative equity, this is not helping yourself or them. So try and see the whole picture regarding such loans.