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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

UK mortgage lender to offer first 100% loans since 2008 crisis

United Kingdom Skipton Skipton Building Society
Terrace houses
Mortgage lenders carry out affordability tests when working out how much to lend someone. Photograph: Gareth Fuller/PA

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 was axed in the wake of the financial crisis.

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