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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

UK mortgages: 100% loans are back – will they work for you?

Colourful balconies on an apartment block
No-deposit mortgages are about access and not the best interest rate, but one of the newest deals excludes flats or newbuild purchases. Photograph: Graeme Robertson/The Guardian

Saving up for a deposit is one of the biggest challenges facing would-be homeowners, who can find that each month pretty much all most of their money is being swallowed up by rent and living costs.

No-deposit deals – known as 100% mortgages – can provide a lifeline, and in recent months a new crop have come on to the market.

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