Borrowers wanting a 95% mortgage are benefiting from greater competition, as Barclays becomes the latest to enter the marketProspective buyers with small deposits are benefiting from a price war among mortgage lenders, say brokers, after the last of the major high street banks launched its 95% deal under Help to Buy.Barclays will offer a fee-free three-year fixed rate at 5.35% and a five-year fix at 5.49% from Tuesday through the second stage of the government’s controversial scheme, aimed at giving buyers a leg-up on to the property ladder. The scheme offers lenders taxpayer-backed guarantees on mortgages at high loan to values. Continue reading…
Source : theguardian.com
Read more…Help to Buy lenders launch mortgage price war















