UK MORTGAGE LENDER TO OFFER FIRST 100% LOANS SINCE 2008 CRISIS – THE GUARDIAN

Skipton building society aims product at renters who cannot save enough for a deposit.

A leading lender plans to launch a 100% mortgage aimed at would-be first-time buyers who cannot save for a deposit, the first since the 2008 financial crisis.

Standard home loans where the borrower does not have to put down a deposit used to be fairly commonplace but the last was axed in the wake of the financial crisis.

Read more: https://bit.ly/41l15oH

However, Skipton Building Society is getting ready to launch a mortgage targeting those “trapped in rental cycles” and who do not have access to “the bank of mum and dad,” and so are therefore unable to save up enough for a home deposit.

To understand more about the mortgage services we offer visit our Mortgage page

If you are thinking of arranging a mortgage and would like advice Contact us

If you found this article useful and would like more market updates visit our articles page

To see all our recent customer feedback click here