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This image depicts a first-time homebuyer looking at a home with a ladder placed outside. This is to give the idea that zero-deposit mortgages are creating opportunities for them.

Zero-Deposit Mortgages For First-time Homebuyers: Yay or Nay?

Zero-deposit mortgages are making a comeback; promised to help renters get on the property ladder. First-time homebuyers in 2023 will need to earn an additional £7,500 to afford the same house they could buy in 2020, according to Zoopla. But guess what? The Office for National Statistics reports that wages have only increased by £4,800…