Low-deposit mortgage deals highest for 17 years in boost for first-time buyers

More low-deposit mortgages are available to choose from than at any time since the financial crisis of 2008, according to new figures.
The number of deals that need a deposit of 5% or 10% have risen to their highest level since then, data from financial information service Moneyfacts suggests.
The extra choice is a boost for first-time buyers, although house prices and mortgage rates are higher than they were for much of the last 17 years.
And competition is tough, with homes typically listed for just over a month before a sale is agreed, according to separate figures from property website Zoopla.
The UK housing market has been relatively settled in recent times, although buyers still need to navigate uncertainty over interest rates and changes to stamp duty in England and Northern Ireland.

Source: BBC | Language: English