The 100% mortgage is back – is it worth the risk?

A new mortgage from Lloyds Bank lets first-time buyers borrow the entire cost of their new home. But this isn’t a return to the pre-financial crash lending frenzyIt is a 100% mortgage but not, thank goodness, as we once knew them. Lloyds Bank’s new Lend a Hand mortgage offers first-time buyers the chance to borrow the entire price of their new home – but with the considerable caveat that a relative has to have a lump sum worth 10% that they are willing to tie up for three years