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BBC - Major lenders return to low-deposit mortgages

Aaron Strutt Image

Some major UK lenders have returned to selling mortgages to homebuyers only able to offer a small deposit.

Building society Nationwide, and bank Santander have just launched mortgage products at 95% loan-to-value.

That would require a borrower to come up with a deposit of 5% - about £13,850 for a typical home.

Aaron Strutt, of Trinity Financial, told the BBC: "It is great to see more lenders offering straightforward 5% deposit mortgages and specifically targeting first-time buyers.

"We have been waiting a long time for the biggest banks to return to this market."

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As seen in
sunday times telegraph financial times bbc news the express the times
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