Call Deal Direct for the best mortgage deals for a small deposit.
Lenders are coming up with new ways to offer their best mortgage deals to first time buyers and those with small deposits.There are even local schemes such as those recently launched by Lloyds TSB in conjunction with Gloucestershire County Council.
Deal Direct can source products from the whole of the mortgage market and can advise you on the complete range of low deposit deals available.
The Lloyds TSB Gloucester deal, called the 'Local Lend a Hand' product is anticipated to help around 50 people to buy a home, and will be available for 'GL' postcodes with exception of the Stroud district.
The Stroud district is running a separate scheme with a £200,000 contribution from the County Council. Lloyds are also developing similar schemes in other areas across the country.
Some of the best mortgage deals for first time buyers are the most innovative.
Those aimed at the new build market such as the shared equity scheme known as FirstBuy and the NewBuy mortgage scheme both require just a 5% deposit. Different types of scheme are available for new build and resale homes as well as regional schemes.
If you are looking for a mortgage for the first time or have a small deposit and are struggling to find a good deal, call Deal Direct. Our experienced advisers have access to all lenders throughout the mortgage market and can help you secure the best mortgage deals available.
