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The Daily Telegraph - Four building societies launch 5pc mortgages - November 2013

Aaron Strutt Image

Aaron Strutt, of mortgage broker Trinity Financial, said Yorkshire’s new rates are the best in the market.

He told The Daily Telegraph: "Many of the smaller building societies are offering 5pc deposit deals but they often come with a catch. For example, some are capped at £150,000 and others are offered in a limited area close to the society

"These mortgages will provide a real boost to the first-time buyer mortgage market and add real competition. If more of the lenders offered low deposit mortgages like these a few months ago, I don’t think the Government would have been so keen to launch Help to Buy. The lenders certainly needed to be given a strong push to start offering low deposit mortgages and it is great news they have come back to life again."

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November 21, 2013

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