UK houses, are way too expensive. This looks like a sensible move, by a mortgage lender, an industry that has in the past proved itself to be somewhat reckless.
https://www.itv.com/news/2023-05-09/...it-a-good-idea
A no deposit mortgage for anyone with a good credit rating who has reliably paid rent. Since many rents are higher than mortgage payments, paying rent is a reliable indicator of trustworthiness and affordability.
Why has this not been a thing till now?
https://www.itv.com/news/2023-05-09/...it-a-good-idea
A no deposit mortgage for anyone with a good credit rating who has reliably paid rent. Since many rents are higher than mortgage payments, paying rent is a reliable indicator of trustworthiness and affordability.
Why has this not been a thing till now?
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