The best mortgage offers with a 5 per cent deposit are through Deal Direct.

Lenders best mortgage offers tend to be available for high deposit mortgage-holders and would-be property buyers. However, Deal Direct can still source great offers for lower deposits of 5 and 10 per cent.

As demand for lenders best mortgage deals at low deposit levels is high, you are recommended to do all possible to ensure your application is as attractive as possible. At Deal Direct we will not only find you a great deal we will also make sure that your documentation is in order.

We recommend you prepare all paperwork in advance of your application. You will need to have to hand your P60, 3 months payslips, 3 months bank statements and outstanding loan/credit card details.

Lenders prefer lending money to low risk borrowers who they believe will pay back the money owed, therefore we recommend that you check your credit rating prior to application to prevent any nasty surprises.

While a large deposit opens up more mortgaging possibilities, it is not the case that a small deposit means a deal cannot be found.

According to Moneyfacts the number of 5 per cent deposit products on offer has doubled in the last year to 49, and the number of 10 per cent deposit mortgages on offer has increased by around third to 343.

Deal Direct understand that with lending criteria tightening it is getting hard for many to source a great deal, however with our help an affordable product tailored to your financial needs is achievable.

The Co-operative offer a 3 year fixed rate mortgage at a rate of 4.59 per cent which is available for a 10 percent deposit and the Yorkshire Bank offer a 3 year fix at a rate of 5.99 per cent for a 5 per cent deposit.

For the best mortgage deals on offer at low deposit levels contact Deal Direct today.