For the first time in over a decade, low-deposit mortgage deals are seeing an uptick. According to recent data from [Source], rates for mortgages requiring just a small deposit have reached their highest point in 17 years, with some lenders offering as little as 5% deposit on certain properties. Experts suggest this trend is driven by a number of factors, including increased competition among mortgage lenders and a desire by prospective homeowners to enter the housing market despite potential affordability concerns. The rise in low-deposit mortgages could potentially ease the burden for first-time buyers, but experts caution that it may also contribute to an unsustainable housing bubble as more buyers chase after limited properties.
A Housing Boon? Low-Deposit Mortgages Hit 17-Year High
