According to Which? “Interest rates on 95% mortgages are tumbling in price as lenders battle to offer the best deals to first-time buyers with small deposits. Data from Moneyfacts shows the average rate on a 95% mortgage has dropped by more than half a percent in the past six months, meaning first-time buyers could secure a better deal than before.

Here, the effect of greater competition on the cost of mortgages is explained and the article looks at the options available to buyers with small deposits. Read more Cotswold Independent Financial Services are independent mortgage advisers and are able to find you the best deal to work for your circumstances. Please get in touch if you’d like to get onto the property ladder.

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