Biggest choice of low-deposit mortgages for 17 years
Business / Tue 15th Apr 2025 at 06:45am
MORE low-deposit mortgages are available to choose from than at any time since the financial crisis of 2008, according to new figures reports the BBC.
The number of deals that need a deposit of 5% or 10% have risen to their highest level since then, data from financial information service Moneyfacts suggests.
The extra choice is a boost for first time buyers, although house prices and mortgage rates are higher than they were for much of the last 17 years.
And competition is tough, with homes typically listed for just over a month before a sale is agreed, according to separate figures from property website Zoopla show.
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https://www.bbc.co.uk/news/articles/ckgxdyyz8e1o
Adam
2025-04-15 09:32:09
This is not a good thing, what needs to happen is house prices need to crash. In a country with an average wage of 35K that house prices are many multiples is not good. It means two parents have to work, which means they need to pay nursary fees etc. Most of the issues in the UK come down to the insane property prices. Lower prices also mean you are free from the shcakels od debt sooner and then do not need to keep playing the rat race either though maybe that is why governments do not address the issue as it would mean people are freed from being essentially tax salves.
Saeed
2025-04-15 14:05:14
Why can't English or christians in general have an interest free mortgages like the Jewish community called Heter Iska or like us Muslims get which is called Home Purchase Plan (HPP) or a Sharia-compliant mortgage ?? I think its not fair that they are struggling to make ends meet, many of my friends are hard workers and can't afford to buy their own home or that they end up as modern-day slaves to pay it all off in 30+ years. This system is rigged
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