Markets World Tech USA · World
S&P 500
7,674.64
-2.64   -0.03%
Live
Dow
53,458.68
-118.72   -0.22%
Live
Nasdaq
26,107.64
-43.66   -0.17%
Live
USD Index
99.14
+0.23   +0.23%
Live
Russell
3,004.01
-6.01   -0.20%
Live

Retail

No deposit, no problem: the new 100% mortgages for first-time buyers

· Guardian Banking

No deposit, no problem: the new 100% mortgages for first-time buyers

For many first-time buyers, getting their foot on the property ladder can feel like an impossible dream. However, the good news is that there are a growing number of mortgage deals that require only a small deposit, or no deposit at all.

Metro Bank is the latest high street lender to launch a deal that allows eligible first-timers to borrow up to 100% of the value of a property. Home loans that let people borrow 100% have been making a bit of a comeback – they were once fairly commonplace but were axed after the 2008 financial crisis.

Continue reading...