The Times - Big boost for first-timers - September 2013
Mortgage lenders have launched a series of deals for first-time buyers who have only a 5% deposit - but at a high rate of interest. Last week, Leeds building society launched the best-buy three-year fix at 4.89%. It has a £199 fee and is available only through brokers.
Aaron Strutt of Trinity Financial, the broker, said: "There are not a huge amount of lenders offering 5% deposit mortgages, although we are starting to see a few more coming through.
"Most of these deals are available to first-time buyers and they are more-commonly offered by the smaller building societies."
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September 8, 2013
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