0% Deposit Mortgages are back! But what’s the catch?

0% Deposit Mortgages are back! But what’s the catch?

After the banking crisis of recent years the idea of a 5% deposit at one stage looked unlikely to return to the mortgage market, but this week Barclays announced the return of the 0% deposit mortgage for home buyers.  Sounded great as a headline, but there’s a catch! The 0% deposit is available when using the, “family springboard” mortgage, meaning that no deposit is required when a “helper”, most likely the home buyer’s parents, put…

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