Following the return of 100% mortgages, UnderwriteMe has urged mortgage advisers to focus on protection to prevent financial complications for clients later on.
The insurtech provider recently welcomed the news that Skipton Building Society was reintroducing 100% mortgages, which allows customers to borrow 100% of the value of a property without needing to put down a deposit. Phil Nash, director of sales at UnderwriteMe, commented: "The return of 100% mortgages will help young people, particularly renters, to buy their first property. Many will be extremely excited that owning their first home will be a reality." However, following the financial crisis in 2008, mortgage advisers must remind homebuyers of the importance of planning for all eve...
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