Coventry Building Society becomes latest lender to bring back 10% mortgages in a boost for home buyers seeking low-deposit deals UK’s second-largest building society is re-entering 90% loan-to-value market These mortgages are popular with first-time buyers and movers with low equity Low-deposit products were pulled by almost all lenders in 2020 due to Covid Providers … Read more
Under-fire Prime Minister bids to win back younger supporters by promising to create ‘Generation Buy’ with new low deposit mortgages Boris Johnson says his governments want young people to buy their own homes In an interview, he has pledged to create ‘Generation Buy’ to help young people The Conservative Party leader wants to use home … Read more
Will the first rung of the housing ladder soon be off limits? Fears surface for first-time buyers as lenders pull low-deposit mortgages from the shelves Experts are worried first-time buyers may soon be priced out of the market There are now just 51 deals for buyers with a 10 per cent deposit to choose from Mortgage … Read more
Return of the 90% mortgage: Concerns mount that first-time buyers are over-stretching as small deposit home loans hit highest level since 2008 credit crisis Proportion of low-deposit mortgages taken out at its highest level since 2008 Outstanding mortgage debt has also risen by 3.9% to £1.49bn More borrowers are stretching their loans out for longer … Read more