Best 10% deposit mortgages: What are the top rates for first-time buyers?

Mortgages needing 10 per cent deposits are continuing to return to the market, in a welcome move for first-time buyers. Lenders have launched 117 new products since the beginning of the year, and 29 in the first two weeks of February alone, according to information website Moneyfacts. These lower-deposit mortgages are popular with first-time buyers, … Read more

Lenders start to reduce rates for 10% deposit mortgages – but will they continue to head lower? 

Lenders are beginning to reduce interest rates on 10 per cent deposit mortgages, as more products return to the market.  This week, Metro Bank cut the rate for its 90 per cent loan-to-value, five-year fixed rate mortgages by 0.4 percentage points. New mortgages are now being offered at 3.59 per cent, while those looking to … Read more

Number of buy-to-let mortgages is highest since March – but interest rates are still on the rise

More choice for landlords as number of buy-to-let mortgage deals on offer increases – but rates are also nudging higher There are nearly 2,000 buy-to-let mortgages on the market right now  Although more than last month, this is still far fewer than before the pandemic  Lenders are bringing back 20 per cent deposit products for … Read more

HSBC brings back 10 per cent deposit mortgages, joining raft of other lenders

HSBC next to bring back 10% deposit mortgages, joining raft of other major lenders including Coventry and Lloyds The lender will reinstate its 90% loan-to-value deals as of next week  It follows similar moves from other banks such as NatWest and Halifax HSBC is yet to announce rates, but its competitors have set them fairly … Read more

Danish borrowers are offered interest-FREE mortgages

Danish borrowers are offered interest-FREE mortgages for 20 years The fixed-rate loans are on offer from Danish branch of a Helsinki-based bank Other lenders including Denmark’s largest bank are eyeing up similar offers  Denmark’s central bank has had a negative benchmark rate for over eight years  By Tim Stickings For Mailonline Published: 15:09 GMT, 6 … Read more

Coventry Building Society brings back 10% mortgages, in boost for buyers seeking low-deposit deals

Coventry Building Society becomes latest lender to bring back 10% mortgages in a boost for home buyers seeking low-deposit deals UK’s second-largest building society is re-entering 90% loan-to-value market  These mortgages are popular with first-time buyers and movers with low equity  Low-deposit products were pulled by almost all lenders in 2020 due to Covid  Providers … Read more

Mortgages reach a 13-year high: More than 100,000 loans for house purchases approved in November

Mortgages reach a 13-year high: More than 100,000 loans for house purchases got the go-ahead in November, marking highest monthly figure for more than three years Some 105,000 loans for house purchases got the go ahead, the BoE said This was up from 98,300 in October and marked the highest monthly figure since August 2007 … Read more

Mortgages reach a 13-year high: More than 100,000 loans for house purchases approved in November

Mortgages reach a 13-year high: More than 100,000 loans for house purchases got the go-ahead in November, marking highest monthly figure for more than three years Some 105,000 loans for house purchases got the go ahead, the BoE said This was up from 98,300 in October and marked the highest monthly figure since August 2007 … Read more

Borrowers looking for furlough-friendly mortgages skyrocket in November

Can you get a mortgage on furlough? Lenders are tightening the screws but if you know where to look, it is possible Searches for furlough-friendly mortgages were up 230% in November  Many lenders shunning furloughed workers unless they have returned to work But there are still options available, say mortgage advisers  By Ed Magnus For … Read more

Best first-time buyer mortgages: NatWest relaunches a 90% LTV

First-time buyer boost: NatWest joins growing list of lenders relaunching mortgages needing 10% deposits that were pulled in the Covid-19 pandemic Four new products available at NatWest and Royal Bank of Scotland  The two and five-year fixed term deals will require a 10% deposit  They are open to both first-time buyers and home movers   Yorkshire … Read more