- Cashless people earning £50,000 can get three-year fixed deal at 2.99%
- 100% mortgages vanished in 2008 after financial crisis took hold
- Barclays deal requires family to put 10% in account for three years
Barclays has brought back the 100 per cent mortgage – the first major bank to do so since the last financial crisis. Its decision will give hope to first time buyers, who can get a three-year fixed rate deal at 2.99 per cent without putting up their own cash. Until now buyers would need to give the bank at least a five per cent cash deposit based on the purchase price.