No deposit, no problem: the new 100% mortgages for first-time buyers
Metro Bank launched a 100% mortgage for first-time buyers, allowing eligible customers to borrow a property's full value with no deposit required. The deal joins recent offerings from Lloyds, Santander, and Skipton, which require minimal deposits of £5,000 to £10,000. Banks are relaxing affordability rules, though higher interest rates typically offset the reduced deposit requirements.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 17 Jul 2026, 06:00 UTC · Updated 17 Jul 2026, 06:11 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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