100% mortgage deal for generation rent
Daily Express|May 10, 2023
FINANCE experts urged caution as a major building society unveiled a 100 per cent mortgage aimed at renters
Robert Kellaway
100% mortgage deal for generation rent

A zero-deposit "track record" loan for those who demonstrate a history of paying rent on time has been launched by Skipton Building Society.

It comes as Leeds Building Society is offering a package where payments to subscription services such as Netflix could help customers get a mortgage by improving their credit score.

Skipton has introduced its deal despite fast rising interest rates, with the Bank of England expected to raise the base rate by a further 0.25 per cent to 4.5 per cent tomorrow, adding around £375 a year to the cost of a £150,000 loan.

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