Buying a house with no deposit: We ask Mancunians about the new 100% mortgage from Skipton Building Society

We find out what local people think about the new mortgage which will allow first-time buyers to buy a house with no deposit.

By Emma Higgins

Published 15th May 2023, 16:41 BST

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A building society has launched a new mortgage to help people get onto the property ladder without a deposit. Skipton Building Society has created a 100% mortgage for first-time buyers who are currently renting and pass the lender's affordability criteria.

Buyers will be able to borrow up to 4.49 times their income up to a maximum total of £600,000, according to This is Money. This news may help young people get onto the property ladder without having to save tens of thousands of pounds over many years to place a deposit.

We spoke to people in Manchester to find out their thoughts on this new mortgage.

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