No deposit, no problem: the new 100% mortgages for first-time buyers
•Banks are introducing 100% mortgages for first-time buyers, allowing them to borrow the entire property value.
•Metro Bank has launched a new deal catering to eligible buyers with no deposit requirement.
•This shift marks a return of 100% mortgages, which diminished after the 2008 financial crisis.
المصدر: The Guardian World | Source: The Guardian WorldBanks and building societies have started relaxing affordability rules and becoming more creative with products
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.
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→Banks are introducing 100% mortgages for first-time buyers, allowing them to borrow the entire property value.
→Metro Bank has launched a new deal catering to eligible buyers with no deposit requirement.
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