A new mortgage product that doesn’t require a deposit or guarantor is being launched in the UK - the first of its kind since the 2008 financial crash.
Skipton Building Society says its Track Record Mortgage is designed to help renters who are struggling to stump up a deposit to get on the housing ladder.
Borrowers will need to show 12 months of on-time rent payments and a good credit history to be approved for a five-year fixed deal.
