Getting on the housing ladder with a low deposit mortgage.

If you are finding it a struggle to save a large deposit to purchase your home, help is on hand. With impartial advice, and a thorough mortgage market search through Deal Direct a low deposit mortgage may be achievable.

How to climb on the property ladder with a low deposit.

Many first time buyers are finding it tough to save enough to achieve a mortgage. Deposit is the key to a lower rate offer, lenders are currently offering their very best rates for low risk high deposit business.

If saving a deposit beyond 5% is proving tough there are various schemes on offer.

Shared ownership schemes are available where you can purchase part of the property, you rent the rest from a local authority, housing association or developer. With a shared-ownership mortgage a lower deposit is required.

NewBuy mortgages are available for a low 5% deposit. Various lenders and developers are signed up to the scheme. If you are looking for a mortgage for an older property you should contact a Deal Direct adviser.

Guarantor mortgages where a parent or grandparent guarantees your mortgage. Various lenders offer such schemes, Deal Direct can help you source an offer.

Lower deposit mortgages from the high street. 

As lenders funding costs have become cheaper mortgage rates have fallen. Deals are restricted in the 95% LTV sector, however there are still some deals to be had.

Rates tend to be higher for those with a smaller deposit, however if you are finding it impossible to save more that 5% you should seek advice from an impartial, independent broker.

At Deal Direct we are 'whole of market' and what this means is we are not restricted to any lender in particular. We can search the entire market to come up with a deal to suit your needs.

Whatever your circumstances call Deal Direct for a quote.

0800 048 8828