How would 1% deposit mortgages work for ‘generation rent’?
by Adam Forrest
Jan 20, 2024
3 minutes
For many young Britons hoping to buy a home the biggest barrier in the way remains the lump sum needed for a deposit.
The struggle has become harder over the decades as soaring house prices have outstripped pay and robbed many on decent salaries the chance to get onto the property ladder.
The Independent has revealed that Rishi Sunak’s government is considering a bold plan to help “generation rent” by creating 99 per cent mortgages.
Instead of having to save
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