Skipton Building Society yesterday announced they are bringing back the 100% Loan to Value Mortgage. Something that disappeared back in the financial crash of 2008. Exact details have not been released yet but it is believed the product is going to be aimed at tenants trapped in a rent cycle where the rent is so high it makes it very difficult to save enough of a deposit to purchase a property and they are unable to access "the bank of mum and dad". Whilst very little specifics are known, what we do know is that the mortgage payments will need to be lower than the rent currently paid and the applicant must meet the usual leneder criteria, such as clean credit history and affordability. Some are criticizing the timing of the release with a potential fall in house prices, as this could leave many new buyers in negative equity but the vast majority of the financial community are praising this new product. More information is expected later this week.