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New Zero-Deposit Mortgage Offers Hope for First-Time Buyers

1/16/2026

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Summary

Story summary

Hanley Economic Building Society launched Rent to Own zero-deposit mortgage for first-time buyers with a £350,000 cap.
Borrowers must earn at least £25,000 annually, and the loan is capped at 133% of current rent.
The rate is 5.79% fixed for five years.
Experts warn that 100% mortgages may lead to negative equity if house prices fall.
Initiative aims to help renters who struggle to save while credit checks stay standard.

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Story summary

Hanley Economic Building Society launched Rent to Own zero-deposit mortgage for first-time buyers with a £350,000 cap.
Borrowers must earn at least £25,000 annually, and the loan is capped at 133% of current rent.
The rate is 5.79% fixed for five years.
Experts warn that 100% mortgages may lead to negative equity if house prices fall.
Initiative aims to help renters who struggle to save while credit checks stay standard.