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The Guardian - UK
The Guardian - UK
Business
Rupert Jones

First-time buyers enjoy biggest choice of low-deposit mortgages in UK since 2008

a young woman with a yellow backpack views and estate agent window
At the time of writing, new two- and five-year fixed-rate deals for first-time buyers hoping to borrow 95% started at about 4.47% and 4.53%, respectively. Photograph: Yui Mok/PA

Would-be first-time buyers have the biggest choice of low-deposit mortgages for at least 18 years, new data shows, suggesting that 2026 is looking positive for those trying to get a foot on the property ladder.

In recent months many banks and building societies have been loosening their affordability rules or launching deals that let people borrow 95% of the property’s value, and in some cases more than that.

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