UK mortgage lender to offer first 100% loans since 2008 crisis
by Rupert Jones from World news | The Guardian on (#6BJ5Q)
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 one was axed in the wake of the financial crisis.