Some mortgage lenders are returning to products that require homebuyers to provide smaller deposits than have become the norm in recent years – with Nationwide and Santander re-introducing deals with a 95% loan-to-value requirement.

The move has been attributed to “a healthy market” in which more straightforward 5% deposit deals will become widespread again, following a period of reluctance from the larger banks and societies to lower their loan to value requirements.

For example, it is the first time since 2008 that Nationwide borrowers have been offered a 5% deposit option – with a rate of 3.99% and a fee of £999 for a two-year fixed-rate deal it could prove very popular, especially with first time buyers.

It should also be remembered that, here at The Financial Planning Group, we are able to secure a mortgage deal six months ahead of your current deal ending, which makes it possible for our clients to reserve the best rates – regardless of what the market does in that period.

Seeking the right independent advice, based on an understanding of all available loan deals across the industry, is always important.

To speak Steve Padgham about your property finance or mortgage requirements, please call him on 020 8614 4782, or e-mail

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