Unmortgage: better than a mortgage?

Unmortgage claims to be the missing step between renting and getting on the property ladder. Should you be tempted? Sarah Moore investigates.

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A missing step, or a castle in the air?

Aspiring buyers struggling to get on to the property ladder might be tempted by a new product that says it will pay 95% of the purchase price of a house, says Holly Thomas in The Times. Unmortgage.com describes itself as "the missing step between renting and getting a mortgage", helping people who would not have a large enough deposit or salary to get a mortgage for the property they want to buy.

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Sarah is MoneyWeek's investment editor. She graduated from the University of Southampton with a BA in English and History, before going on to complete a graduate diploma in law at the College of Law in Guildford. She joined MoneyWeek in 2014 and writes on funds, personal finance, pensions and property.