Yesterday, Skipton Building Society launched a new, no-deposit mortgage product aimed at those in long-term rent and first-time buyers in an encouraging step to make homeownership more accessible. The product is already proving popular and allows buyer with a good credit history purchase a home deposit free and without a guarantor.
‘We can really see the benefit of this type of product entering the market now that Help to Buy has ended, leaving many renters and first-time buyers with no assistance when buying a home. We have highlighted the point in our marketing previously that, in our area, buying a home is cheaper than renting one. Now, with this product, home ownership is cheaper and more achievable for many people, which can only be a welcome thing.’ Said Jack Newland, Head of Sales at Fortitudo.
Read more: https://propertyindustryeye.com/the-return-of-no-deposit-mortgages-could-prove-a-lifeline-for-buyers/
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