5% deposit mortgages in 2021?

T0m121

I’m planning to buy my first house this year and I am currently in the process of saving for my deposit. I’ll easily have 5% of the house price saved by late summer, but how realistic is it that mortgage brokers will be offering the 5% deposits this year? When do you think they’ll return? 

MovingForwards

Doubt it will be this year, keep saving your deposit, the time will fly by.

K_S

T0m121 said:

I’m planning to buy my first house this year and I am currently in the process of saving for my deposit. I’ll easily have 5% of the house price saved by late summer, but how realistic is it that mortgage brokers will be offering the 5% deposits this year? When do you think they’ll return? 

@T0m121 Impossible to say for sure. In the very unlikely event that it's clear the economy has turned the corner by late summer/early autumn, I would expect at least a couple of lenders to start dipping their toes back in the 95% LTV market before the end of the year.

As an FTB, you could always explore the H2B option though with a 5% deposit.

primmer10590

Well everyone doubted 90% LTV mortgages and they've flown back. Wouldn't be surprised if there is a 95% mortgage by Easter