Moneyfacts reports increase in low-deposit mortgages

The number of low-deposit mortgage deals on offer is at the highest level since before Liz Truss' mini-budget. This week the number of available 95% deals had risen to 206, up from 161 at the start of March and the most since September, according to the data provider Moneyfacts. Mark Harris, chief executive of mortgage broker SPF Private Clients, said: “If there is more choice of higher loan-to-value mortgages at reduced rates, then lenders are not unduly worried about what is going to happen to house prices.” Average rates on five-year fixed-rate mortgages for those with a 5% deposit fell to 5.25% this week, Moneyfacts said. This is down from 5.82% at the start of January. 

The Times (17/04/2023)