More good deals for those with a small deposit are emerging, but flats and maisonettes are often excluded
More mortgage deals are starting to emerge for homebuyers who can only manage a small deposit – but those looking to buy a flat are increasingly finding themselves excluded.
On Wednesday, Yorkshire building society’s Accord Mortgages arm became the first lender to return to the 95% loan-to-value (LTV) mainstream mortgage market. But this five-year fixed-rate at 3.99%– available to first-time buyers with a 5% deposit – can’t be used to buy a flat.
