More mortgages aimed at first time buyers

Low deposit mortgages are making a strong comeback.  However, it appears that demand for first time mortgages with a 90 or 95 per cent LVT (loan to value) is greater than the supply.  Deals are also becoming fully subscribed quicker than historically averaged.

Camparison website Moneyfacts has found 49 mortgages currently on offer at 95 per cent LTV, more than double the number avaible in January 2011, and significantly more than the 3 found in April 2009. 

Additionally, there are 280 deals at 90 per cent LTV, a rise from 199 in January 2011 and 72 in April 2009.

The low deposit deals will bring hope to many first time buyers aspiring to step on the property ladder.  However concerns have been rasied that although increasing the range of mortgages available to first time buyers, lenders will be tightening their lending criteria due to the unstable economic climate.  This means borrowers will need to face even tougher mortgage conditions. 

  • Date posted:
  • Share:

View all articles

Arcus has provided us with excellent service and sound advice regarding all our tax affairs

Mr P from Milton Keynes

I would recommend him to everyone who needs an accountant and have done so with all my friends who have gone freelance

Stevie, Rushden

We found Arcus Taxation Accountants professional and diligent

Andrew, Hambleton

© 2019 Arcus Taxation Accountants is the trading name of Arcus Associates Ltd. Registered in England & Wales Company No. 05065405.

privacy / cookies

website cms powered by csb internet

01572 770552