Number of low deposit 95% mortgages falls by half since mini-budget

Data indicates there are only 137 such products now available, making home ownership harder for first-time buyers

The number of low-deposit 95% mortgages on sale has fallen by more than half since last month’s scrapped mini-budget, stoking fears that financial uncertainty could lead some banks to scrap the deals that are often the only way first-time buyers with small deposits can own a home.

New data from Moneyfacts shows that the number of new 95% mortgages stood at 137 on Monday.

Continue reading…

​Data indicates there are only 137 such products now available, making home ownership harder for first-time buyersThe number of low-deposit 95% mortgages on sale has fallen by more than half since last month’s scrapped mini-budget, stoking fears that financial uncertainty could lead some banks to scrap the deals that are often the only way first-time buyers with small deposits can own a home.New data from Moneyfacts shows that the number of new 95% mortgages stood at 137 on Monday. Continue reading…