100 per cent mortgages fading out

The number of people in the UK taking out 100% mortgages is dropping rapidly as mortgage repayment problems continue to be an issue.

According to one leading financial analyst, many mortgage providers no longer offer the deal and those that do will only allow consumers with impeccable credit ratings to take advantage.

John Charcol added that many people could still gain significant financial advantage by securing the deal if they can afford the repayments.