Building society launches 100% mortgage to help renters get on property ladder with no deposit

Dariusz Karpowicz, director at Doncaster-based Albion Financial Advice, said: 'Before you get excited, understand what you're signing up for. 'You'll pay interest on the full purchase price at a higher rate, making monthly payments steeper than if you had a deposit. 'The real risk is negative equity when property prices fall, where you still owe the full amount but your home is worth less.'