First Time Buyer Mortgage with 5% Deposit

First time buyer mortgages with a 5% deposit

In the last year there have been an increasing number of UK mortgage lenders who have launched mortgage products where you only need a 5% deposit. 

It is worth noting that the rate of interest you will pay if you opt for a 95% LTV mortgage will be higher than that of someone who is able to place a larger deposit. It is important to undertake a thorough mortgage deal comparison to find the most competitive offer for consumers in your situation. The easy to use product comparison tables above should be of great use to you when searching for the best mortgage deals with a 5% deposit.