The Independent

How would 1% deposit mortgages work for ‘generation rent’?

Source: Downing Street/Getty

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

You’re reading a preview, subscribe to read more.

More from The Independent

The Independent1 min read
ITV News Presenter ‘Receiving Medical Care’ After Becoming ‘Unwell’ Live On-air
ITV News presenter Rageh Omaar is “receiving medical care” after he became “unwell” live on-air, ITV has confirmed. Omaar, the ITV News International Affairs Editor, was presenting the News at Ten programme on Friday when he appeared to struggle to r
The Independent2 min read
What The Papers Say – April 27
The King’s announcement that he is returning to public-facing royal duties dominates the papers on Saturday. The Times, Daily Mirror and Daily Mail report Charles’ announcement follows the positive effect of his cancer treatment. Saturday's TIMES: Ki
The Independent5 min readCrime & Violence
Retrial Of Harvey Weinstein Unlikely To Occur Soon, If Ever, Experts Say
The retrial in New York of Harvey Weinstein — whose moviemaking prowess once wowed Hollywood — won’t be coming to a courtroom anytime soon, if ever, legal experts said on a day when one of two women considered crucial to the case said she wasn't sure

Related Books & Audiobooks