Lenders targeting small-deposit buyers as prices slip

9th June 2017

The number of available mortgage deals where only a 5% is required is up 14% year-on-year, to 287 in June, according to Moneyfacts, as house prices fall for the third month in a row. Separately, Intermediary Mortgage Lenders Association data shows 67% of mortgage applications made by first-time buyers were completed in the first quarter, up from 48% a year earlier, with 84% of applications resulting in an offer.

The Daily Telegraph (02/06/2017)   Financial Times (02/06/2017)