Are 100% mortgages a fraud risk?

Bank of Ireland has launched a 100 per cent mortgage for first-time buyers, becoming the fourth lender to offer the product. Ulster Bank was the first bank to offer the 100 per cent mortgage followed by First Active, which launched one earlier this month.

Permanent TSB plans to offer one soon.

The greater availability of 100 per cent mortgages has increased concern about the level of debt that first-time buyers are contracting when ...