Saving money in this fast end world seems impossible.

And if you think of saving the amount of money that could be enough to buy a house will only remain a dream until you are a saint without any needs to go out and party, or you have inherited a hell lot of money from your parents.

But if you do not fall in both the categories, you have come to the right place.

Buying a house is important for each one of us but buying a house needs a lot of saving to pay completely for the down payment. But what if you have none?

Well, here is a new policy by Halifax that will give the benefit of 100% Mortgage to the first time house buyers without any down payment.

Yes, it looks like the best policy but there is more to it that you should know.

You are allowed to pay no down payment for your first house but the same will be taken out from a family member saving that they will get back over time with 2.5% of interests as a thank you from the bank.

The amount equals to 10% of the price of the house will be required from a family member who is willing to give it.

The one you wish to pay on your behave should have an Ultimate reward current account or a Halifax Reward account and should have a good amount of savings in their account.

But you may not count in if you have moved from one place to another where you already own a house. And in case you miss an installment, the amount will be deducted from the 10% that has been deposited on your behalf which in case you take the policy, you should keep n mind never happens.

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