Home    Barclays brings back the 100% mortgage
  • 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.

Read more: http://www.dailymail.co.uk/news/article-3572570/Barclays-causes-shock-brings-100-mortgage-giving-new-hope-time-buyers.html#ixzz47hk4a5xQ

 

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