New 100% mortgages return, but higher interest rates apply
First-time buyers can now get mortgages with little or no deposit, as high street lenders relax their rules. Metro Bank is the latest to offer a 100% mortgage, following similar deals from Lloyds, Santander, Skipton and Yorkshire Building Society. These low-deposit options usually come with higher interest rates than standard deals, meaning you'll pay more.
Lost in this story? That's the point of BriefTea.
Open it in the app and tap Learn from this — the Knowledge Galaxy turns the story into a map of everything it assumes you know, one tap at a time. Free, no ads, no paywall.
Get BriefTea on the App Store