Clydesdale offer the best mortgage deals for small deposits.
The best mortgage deals offered fee free for smaller deposits are through the Clydesdale and Yorkshire Banks, who have announced their fees are to be waived.
When buying property lenders mortgage fees are a cost that impact the affordability of the best mortgage deals.
Saving for a mortgage deposit, paying Stamp Duty plus other charges such as a valuation and legal costs is hard enough. Having to pay large mortgage arrangement fees on top can often be the straw that breaks the camel's back.
For first time buyers already stretched to financial breaking point help is on hand. Mortgage arrangement fees can range anywhere from £400 to £2,000 and for those unable to find the extra cash to fund such a deal the Clydesdale and Yorkshire Banks have two new offers which could be of great interest.
The new fee free mortgage deals on offer mean first time buyers are able to save £599 when taking out a 3 year fixed rate deal. With a 5% deposit a reduced rate of 5.99% is now offered and with a slightly larger deposit of 10% a reduced rate of 4.99% is offered.
If you have a small deposit and want to avoid fees, call Deal Direct today for a comparison of the best mortgage deals currently on offer.
