Lenders lowest mortgage rate offers help buyers climb on the property ladder.

The lowest mortgage rate offers combined with higher loan to value deals, are giving first-time property buyers a chance to purchase a home.

Now that funding costs have fallen those stuck in rental accommodation who aspire to own their own home, are hoping that more lenders will now reduce their mortgage rates.

First time buyers need lenders to increase mortgage availability and make more of their lowest mortgage rate offers available to them.

The credit crunch led to a severe tightening of mortgage lending criteria which resulted in the many high LTV mortgage deals being withdrawn.

Low deposit buyers became classed as high risk and rates were increased to reflect this. This change in lending over the past 5 years has meant that many British adults now find it impossible to be accepted for a mortgage deal.

With cheaper wholesale funding now on offer, are lenders likely to relax lending criteria and reduce first time rates?

UK lenders many increase mortgage availability for the first time sector as they are beginning to realise without their support of green shoots development, the continued recovery of the property market may falter.

Around £100 billion in cheap government funding has been pledged to UK banks, and affordable housing schemes have been launched to help low deposit buyers climb on the property ladder.

Latest NHBC statistics show property prices are stagnating and rental costs continue to climb. Therefore contact Deal Direct for a comparison of lenders lowest mortgage rate offers. Let us find you a low deposit cheap rate deal to get you on the first rung of the property ladder.

We can source you an affordable deal, so why pay rent when you can pay your own mortgage?

Contact one of our advisers today.