
BusinessReported
UK mortgages with smaller deposits reach highest level since 2008
A growing share of British homebuyers are obtaining mortgages with deposits below 20%, matching pre-financial-crisis trends.
· 1 min read

A growing share of British homebuyers are obtaining mortgages with deposits below 20%, matching pre-financial-crisis trends.

The share of UK home loans requiring no deposit has reached its peak in over 15 years, according to BBC reporting.

National statistics agency says annual growth in property prices eased compared with the first quarter of the year.

Rising motor fuel costs pushed UK inflation to a five-month high in August, while separate data showed London house prices falling further below their peak and rents continuing to rise, according to The Guardian.

A new Zillow report cited by CNBC finds that as rent prices climb across the U.S., more tenants are relocating to more affordable markets, a trend that could shape future home sales.