Home buyers with just 5% deposits will find more deals available from today as a Government-backed mortgage scheme gets under way.
Several of Britain's biggest mortgage lenders are turning on the taps to boost supplies of low-deposit home loans, under a plan announced in the Budget.
Lloyds, Santander, Barclays, HSBC and NatWest will be among the first to launch 95% mortgages, with Virgin Money following next month.
The number of low-deposit mortgages on the market shrank dramatically in the early days of the coronavirus pandemic, as lenders became much more cautious about offering "riskier" loans in the tough economy.
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