Young Brits are falling into a potential trap of a risky new mortgage that offers a new home without putting down a deposit. The overall cost of living has risen while the average income has not which makes saving up for a deposit increasingly harder. The are several new mortgage options offered by the Post Office. These new mortgages provide home financing with little to no down payment however the use of a sponsor such as one’s parents is needed. This means should the loan default there are two households at risk of being affected.

Read more: Dangerous new mortgages offering young Brits hopes of a first home – without a deposit