Are 100% no deposit mortgages a terrible idea?

Skipton Building Society announced the fact they are launching 100% no deposit mortgages.. They are the first lender to offer this since 2008, Many are saying that history will repeat itself.

Link to Skipton's Mortgage - https://www.skipton.co.uk/mortgages/t...
Farmland stats - https://www.whatthesciencesays.org/ho....
Housing usage - https://www.showhouse.co.uk/news/five...

The brokers I use: 📈

Trading 212
Get free fractional shares worth up to £100 with Trading 212 through this link:
https://www.trading212.com/join/DAMIEN. Terms apply.
This is an affiliate link, I may earn a commission.
If you do not get your free share after depositing £1, use promo code DAMIEN. You will find it in the section with the three lines in the bottom right corner of the app.
Capital at risk when investing.

InvestEngine
https://investengine.pxf.io/eKR40z
Get a £25 bonus when you invest at least £100

Vanguard
https://www.vanguardinvestor.co.uk/
This is not an affiliate link

I hold funds with all these brokers and believe they offer both affordable investing and great value for money, I only include brokers in my description that provide ISA’s and are authorised and regulated by the FCA so are covered by the FSCS.

DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.

DISCLAIMER: I am not a financial advisor and none of the content on this channel is financial advice. All information is provided for educational/entertainment purposes. If you are making investment or other financial decisions and require advice, please consult a suitably qualified licensed professional.

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