Diverse

The no-deposit mortgage that lets tenants buy the home they live in … with a gift from the landlord

Under a ‘concessionary purchase’, property owners can agree a cut-price sale to incumbent renters to save costs

A growing number of people are taking out a little-known type of mortgage that allows them to buy a property without having to put down a deposit.

Several lenders offer “concessionary purchase” mortgages, meaning that a tenant can buy the property they are living in from their landlord at a marked-down price.