Return of the 95% mortgage gives hope to first-time buyers | Money | The Guardian

Return of the 95% mortgage gives hope to first-time buyers | Money | The Guardian

Would-be first-time buyers struggling to get on to the housing ladder have been given some hope after it emerged that the number of mortgage deals allowing people to borrow 95% of their property's value has crept up to its highest level since the end of 2008. There are now 31 such products available – up from 24 in January and just six in June 2009.

Figures given to Guardian Money by Moneyfacts, the financial data provider, also show that homebuyers looking for 90% mortgage deals now have more choice, with 244 products open to them, compared with 199 at the start of this year and 77 two years ago.