Low-deposit mortgages hit 17-year high

According to Moneyfacts, the number of low-deposit mortgages available at 90% and 95% loan-to-value (LTV) has reached its highest level since 2008, with 1,287 products on offer at the time of writing.

In April, there were over 400 deals at 95% LTV and over 800 deals at 90% LTV, signaling growing lending support for buyers with smaller deposits. The number of mortgages available for those with larger deposits also improved, up from 778 in March to 797 in April. Noting the number of 95% LTV deals represents just 6% of all deals available to borrowers across fixed and variable mortgages, Moneyfacts’ Rachel Springall called the increase “a healthy step in the right direction”.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Source: https://www.yourmoney.com/mortgages/options-for-low-deposit-mortgages-hit-17-year-high/