{"id":137289,"date":"2023-06-08T12:00:03","date_gmt":"2023-06-08T05:00:03","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/it-would-really-help-us-renters-who-want-a-100-mortgage\/"},"modified":"2023-06-08T12:20:06","modified_gmt":"2023-06-08T05:20:06","slug":"it-would-really-help-us-renters-who-want-a-100-mortgage","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/it-would-really-help-us-renters-who-want-a-100-mortgage\/","title":{"rendered":"\u2018It would really help us\u2019: renters who want a 100% mortgage"},"content":{"rendered":"


\nNo-deposit loan presents possible route out of rental trap to those deemed eligibleWhen Skipton, one of Britain\u2019s biggest building societies, launched the UK\u2019s first 100% mortgage exclusively for renters last month, reactions varied wildly. While some commentators regard the first-of-its-kind home loan as a \u201crevolutionary\u201d way to get people out of the rental trap and on to the property ladder, others have likened it to the risky loans that contributed to the 2007-08 financial crash.Skipton\u2019s move appears particularly daring considering its timing: a mere couple of weeks after the mortgage was launched, UK banks and building societies pulled almost 800 residential and buy-to-let mortgage deals in a matter of days, amid growing concerns over future interest rate rises. Continue reading…
\n
\nSource : theguardian.com
\nRead more…\u2018It would really help us\u2019: renters who want a 100% mortgage<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

No-deposit loan presents possible route out of rental trap to those deemed eligibleWhen Skipton, one...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-137289","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-zIl","jetpack-related-posts":[{"id":136578,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/skiptons-100-mortgage-for-renters-offers-hope-but-not-without-risk\/","url_meta":{"origin":137289,"position":0},"title":"Skipton\u2019s 100% mortgage for renters offers hope \u2013 but not without risk","date":"May 9, 2023","format":false,"excerpt":"\r Much depends on the housing market and there\u2019s no agreement on how that\u2019s faring right nowWith hindsight, one of Britain\u2019s biggest building societies could definitely have picked a better day to launch a first-of-its-kind 100% mortgage.On Tuesday morning, just as the press release was being sent out and Skipton\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100520,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tenants-missing-out-on-cheaper-credit-deals-letter\/","url_meta":{"origin":137289,"position":1},"title":"Tenants missing out on cheaper credit deals | Letter","date":"October 26, 2018","format":false,"excerpt":"\r A cross-party group of MPs call on Theresa May to support the creditworthiness assessment billFor too long, opportunity has been divided among those who can get a mortgage and those who cannot. At present, the rent payments of Britain\u2019s 14.8 million tenants are not taken into account by lenders\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6302,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/help-to-buy-scheme-needs-replacement-before-it-ends-warn-mortgage-lenders\/","url_meta":{"origin":137289,"position":2},"title":"Help-to-buy scheme needs replacement before it ends, warn mortgage lenders","date":"March 5, 2015","format":false,"excerpt":"\r Failure to replace mortgage guarantee scheme, which is due to end in 2016, would hit first-time buyers and competition in housing market, says IMLAFailure to replace the help-to-buy mortgage guarantee scheme when it comes to an end next year will choke off competition and push the first-time buyer market\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11968,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/barclays-100-mortgage-how-much-does-it-really-help-homebuyers\/","url_meta":{"origin":137289,"position":3},"title":"Barclays 100% mortgage: how much does it really help homebuyers?","date":"May 4, 2016","format":false,"excerpt":"\r The no-deposit deal requires relatives to put up funds or act as guarantors, and all parties to take a tough affordability testThe launch of the Barclays 100% mortgage brings the number of products aimed at borrowers who do not have a deposit to its highest since the financial crash.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142897,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-reforms-have-excluded-first-time-buyers-say-uk-building-societies\/","url_meta":{"origin":137289,"position":4},"title":"Mortgage reforms have excluded first-time buyers, say UK building societies","date":"March 5, 2024","format":false,"excerpt":"\r Report calls for overhaul of rules on loan affordability and repayment, and more flexible mortgage productsMortgage reforms introduced after the 2008 banking crisis have \u201ctilted too far\u201d in support of financial stability to the point that first-time buyers are being excluded from the housing market, building societies have warned.A\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129891,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-lenders-put-up-interest-payments-before-banks-base-rate-hike\/","url_meta":{"origin":137289,"position":5},"title":"Mortgage lenders put up interest payments before Bank\u2019s base rate hike","date":"September 22, 2022","format":false,"excerpt":"\r Banks and building societies increased charges that could add thousands to some people\u2019s home loan costsBanks and building societies had already begun putting up mortgage interest payments before the Bank of England announced its latest base rate hike to 2.25% \u2013 piling more pressure on homebuyers and owners.For some,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/137289"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=137289"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/137289\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=137289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=137289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=137289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}