Should you get a 100% mortgage? All the pros and cons of the deposit-free way to buy

Getting a 100% mortgage means borrowing the full purchase price of a home without any upfront deposit, a significant shift from the traditional 5% deposit norm. This option can be appealing for first-time buyers or those with limited savings, but it comes with higher risks, including potentially higher interest rates and more stringent approval criteria. The appeal lies in immediate homeownership, but the downside includes greater financial exposure and the lack of equity build-up in the early stages. This trend highlights evolving financial strategies in the housing market, reflecting both opportunities and challenges for buyers.