New Personal Finance
Friday, 7/17, 07:33 AM
No-Deposit Mortgages Return in the UK: The Appeal and the Risk
- A handful of UK lenders are again offering 100% mortgages, home loans that require no deposit, aimed at first-time buyers priced out by years of saving.
- They can get renters onto the housing ladder sooner, but they also carry a real danger the market spent a decade avoiding: negative equity.
- Here is how they work and what to weigh.