Why We Bought Our First Home with a 100% Mortgage Despite the Risks The allure of owning one's own home is a powerful draw, especially for young couples struggling to make ends meet in an increasingly expensive housing market.
In recent years, lenders have begun offering mortgage deals that allow borrowers to purchase properties with little or no deposit, touting them as a solution to the affordability crisis facing first time buyers.
According to the Bank of England's statistics on mortgage deposits, the share of loans granted with deposits worth less than 10% of the property value has been increasing steadily since 2008.