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New Metro Bank 100% mortgage – but 'family must sign up'
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NEWSDECK ANALYSIS
Metro Bank's new mortgage product is notable as 100% mortgages, which allow borrowers to purchase a home without a deposit, have been relatively rare in the UK since the financial crisis. The Joint Borrower Sole Proprietor arrangement allows a family member to co-sign the mortgage, potentially enabling more people to get on the property ladder. This type of mortgage may appeal to first-time buyers who have a reliable income but lack sufficient savings for a deposit.
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Mirror News
New Metro Bank 100% mortgage – but 'family must sign up'
Metro Bank has launched a new Joint Borrower Sole Proprietor mortgage
10 Jul, 14:34
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