The UK housing market has been the topic of much debate in recent years. With rising house prices, stricter lending criteria and economic uncertainty, getting onto the property ladder has become increasingly difficult for many. The conveyancing industry has suffered. However, recent news that lenders are set to bring back 100% mortgages could be just what the industry needs.
An article by Property Industry Eye revealed that several lenders now offer mortgages with no deposit required, allowing borrowers to borrow 100% of the property value. This move will provide much-needed support to first-time buyers and those struggling to save for a deposit.
Read the full article.
Property Industry Eye. (2023, May 9). Lenders set to bring back 100% mortgages. https://propertyindustryeye.com/lenders-set-to-bring-back-100-mortgages/