Purchasers need no deposit if family can back the loan by moving 10% of price into bank’s saver account
Britain’s biggest lender is to offer 100% mortgages to first-time buyers in a return to lending last seen before the financial crash – but only if the buyer has family that can stand behind the loan.
Under the new Lloyds Bank “Lend A Hand” deal, a first-time buyer will be able to borrow up to £500,000 for a new home, without putting down a penny of deposit.
Continue reading...from Property | The Guardian http://bit.ly/2MzGDM4
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