BBC News - Low-deposit mortgages return after Covid slump

Aaron Strutt Image

Low-deposit mortgages have made a return as the market emerges from a Covid-related slowdown.

Mortgage products for homeowners with a deposit of 10% of their property's value have risen more than fourfold compared with last summer's low.

Aaron Strutt told the BBC that some of the biggest mortgage lenders had returned to the market. Some of the mortgage rates they were offering were not as attractive as they had been, but competition would help push down costs.

He said: "If you are planning to purchase a property and have a 10% deposit the mortgage rates are not as cheap as they used to be, but they are getting better."

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