The best mortgage deals just became more attractive.

Lenders best mortgage deals for low deposit borrowers have become more appealing with news that some lenders are prepared to waive their fees.

Clydesdale and Yorkshire Banks have announced that mortgage fees will not apply to buyers with small deposits on certain products within their mortgage range.

Mortgage arrangement fees can be high and are a cost which must be factored in long with the headline rate. Often the property buyers who are most affected by costs are those with small deposits who have already struggled to save a deposit.

High fees can impact the affordability of lenders best mortgage deals and can be a huge stumbling block for cash strapped would-be buyers.

For many saving a deposit and paying Stamp Duty plus legal and valuation costs can be difficult. Therefore paying a large arrangement fee in addition can stretch an already tight budget to breaking point. For some this high additional cost may mean a home purchase is no longer possible.

For financially stretched buyers, mortgage fees can range anywhere from around £400 up to £2,000.

For those struggling to save extra cash Clydesdale and Yorkshire Banks are introducing 2 new fee free mortgage deals. Low deposit buyers can now save £599.

With just a 5% deposit a 3 year fixed fee free rate of 5.99% is offered and for a 10% deposit a lower rate of 4.99% is offered.

Deal Direct can help you to source a competitive deal. To enable us to create a personalized mortgage quote we review your financial circumstances and mortgage needs. We are then better able to search the market for a product tailored to your needs, which is both affordable and appropriate.

Contact Deal Direct today for UK lenders very best mortgage deals.