New Year, New Mortgages #2017

The Government's Help to Buy mortgage guarantee scheme closed its doors on 31 December, leaving borrowers with a 5 per cent deposit to fend for themselves when it comes to securing a mortgage.

But in spite of fears that lenders would shelve 95 per cent loan-to-value mortgages without the safety net of government support to steady their nerves, a spate of new deals have come to the market since the start of the year.

Halifax, Nationwide, Aldermore Bank, Yorkshire and Buckinghamshire building societies have all renewed their commitment to lend 95 per cent mortgages in the past week, giving fresh hope to borrowers with smaller deposits.