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Martin Lewis has had his say on the new mortgage from Skipton Building Society which in a UK first will allow first-time buyers to purchase a property without a deposit and a guarantor.

Martin Lewis has shared his verdict on a new zero deposit mortgage that has been launched to help first-time buyers trapped in a renting cycle get on the property ladder. In the latest episode of the Martin Lewis Podcast, the consumer champion explained how Skipton Building Society’s new 100 per cent mortgage, which was launched this week, works.

The Track Record Mortgage is available to tenants aged 21 and above and for first-time purchases only. The five-year fixed offer, which is available to borrowers needing a 100% loan, is fixed at 5.49 per cent.

Martin Lewis gives his verdict on Skipton Building Society’s new 100 per cent mortgage scheme