There’s a growing demand for interest-only products with interest-only mortgages set to return in full force. According to recent research, there are around 200 interest-only mortgages that borrowers can choose from.
In 2019, home ownership has become something that many people strive for, but simply can’t attain. With the average deposit needed to buy a home in the UK being a whopping £33,000, it is no wonder that a lot of people are put off the idea of buying their own homes.
100% mortgages may sound like a myth and perhaps too good to be true. Can you really get a mortgage while putting down no deposit? This is an enticing idea particularly when you consider how difficult it can be to save the money for your first home.