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New 100% mortgages mean home buying without a deposit 

21 May 2025 Uncategorised

Two mortgage lenders have announced 100% mortgages to allow younger and first time buyers to purchase a home without a deposit. More lenders are expected to follow suit and the new products are aimed at those who…

 

  • Cannot save for a deposit while at the same time paying rent;

 

  • Live with parents who cannot contribute to a deposit for their offspring; or

 

  • May have savings but at too low a level to fund a deposit.

 

It is vital that anyone considering borrowing a mortgage to ensure they can afford all set-up costs and payments, and consult an independent mortgage broker who can look at the whole market to see the product best suited for a borrower’s personal circumstances.

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