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

Banks 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 aproperty. 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.