Deposit-free mortgage aimed at renters launched

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The product requires a good credit history, but does not need the financial backing of family or friends. …

First-time buyers are facing an uphill battle. Rapidly rising rents have made saving for a deposit increasingly difficult, at the same time that the government’s flagship Help to Buy scheme, which ran for more than a decade and helped more than a quarter of a million first-time buyers, is no longer open.

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