Skipton launches deposit-free mortgage aimed at renters

A deposit-free mortgage specifically aimed at people currently renting has been launched by a UK building society.

"It's not necessarily going to help all the people who are looking to buy a first-time home if there aren't more houses available to buy," says Will Barber Taylor from Generation Rent. Your lender must then treat you fairly by considering any requests about changing how you pay, perhaps with lower repayments for a short period

David is renting with his partner and new baby in North Yorkshire. "It's getting that deposit together that's really difficult with rent prices," admits David.Image caption,The government's Help to Buy scheme saw the Treasury lending homebuyers between 5% and 20% of the cost of a newly-built home, and up to 40% in London.

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