New 'Game-Changing' 100 per Cent Mortgage Deal Launches

New 'game-changing' 100 per cent mortgage deal launches

A NEW 100 per cent mortgage deal could be a "game-changer" for prospective homeowners, according to a property expert.

The revival of 100% mortgages has clear appeal but could spell nationwide instability, warns property expert

April Mortgages, a new entrant to the market, has brought back 100 per cent loan-to-value (LTV) mortgages for first-time buyers and home movers, reminiscent of the pre-2008 housing market. These no-deposit products, with interest rates from 5.99 per cent fixed for 10 or 15 years, aim to help those struggling to save for deposits.But whilst they may open doors to homeownership, they also raise serious questions about financial stability. And that…

Broker warns of the potential consequences of new 100% mortgages - Property Industry Eye

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