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The Independent UK
The Independent UK
Business
Marc Shoffman

How do no-deposit mortgages work and should I get one?

No deposit mortgages are back on the market, making it cheaper for first-time buyers to get on the property ladder.

At the time of writing there are currently 16 different residential mortgage options at 100 per cent loan-to-value (LTV), with some requiring a family member or friend to provide security if they fall behind on payments. Of course, there are far more options if you are able to save even a small deposit.

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