First-time buyers face mortgage bonanza

New data reveals that first-time buyers have access to the most low-deposit mortgages in 18 years, with 537 deals allowing borrowing of 95% of a property's value. This is nearly double the 274 products available in February 2024. Rachel Springall from Moneyfacts noted that this is the highest number of 95% loan-to-value deals since March 2008. Santander recently launched a five-year fixed-rate mortgage allowing up to 98% borrowing, while Skipton and Yorkshire building societies offer even higher options. The Building Societies Association suggests many buyers may be closer to home ownership than they realise. 

The Guardian (14/02/2026)