✉news BusinessReal Estate first seen 6 h ago, last 6 h ago, peak #36
Low deposit mortgage lending jumps 40% to £24.7b
Mortgage lending to buyers with small deposits has risen sharply, increasing 40% to £24.7 billion. The figure points to renewed availability of high loan-to-value mortgages, giving first-time buyers and other low-deposit borrowers more access to the housing market. Commentators are weighing what the jump means for affordability and house prices.
Why now: The sharp rise in low deposit lending signals improving mortgage availability and cheaper options for first-time buyers, a topic of wide interest in the housing market.
UK mortgage marketfirst-time buyers
Evidence
- Low deposit mortgage lending jumps 40% to £24.7b · thenegotiator.co.uk
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