A rise in house prices in recent months, combined with tighter lending restrictions due to Covid, has creating an even more challenging environment for first-time buyers who had faced increased scrutiny from lenders, tighter criteria and a shrinking range of high loan-to-value (LTV) products.

For example, until last week’s Budget news about the return of the ‘95% mortgage’, just two mortgage deals were available for applicants requiring a loan to value over 90%… 18 months ago there were more than 2,000.

If you would like to find out more information about the new 95% mortgages and how to prepare your accounts and personal details to take advantage of availability, please give Steve Padgham a call on 020 8614 4782 or e-mail Steve.Padgham@fpgonline.co.uk.