The deposit free mortgage, criteria you need to meet and how to apply

Renters who lack savings or financial support from their family can potentially make the jump on to the housing ladder with a new zero-deposit mortgage.

In return, they will need to demonstrate a strong track record of paying their rent, with evidence of a minimum of 12 months of rental history. This evidence could be provided through bank statements or a letter from a suitably registered letting agent, for example.How does it work? A customer must be aged 21 or over and will need to present proof of at least 12 months of on-time rent payments as well as a good credit history.

What criteria do I need to meet? Guidance on Skipton's website states that you may be eligible for a zero-deposit mortgage with the company if you meet the following criteria:

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