Moneyfacts, an analytics company, says an interest-rate war is brewing because of the slightly stagnant state of the property market.
It says that the average two-year fixed rate at 95 per cent loan-to-value (LTV) is now 3.38 per cent compared with 4.03 per cent a year ago.
Feel free to contact Broadland Consultants mortgage broker team to discuss 5% deposit mortgages and also the Help to Buy scheme.
If you are based in Norwich or Norfolk our Mortgage Broker team can typically offer you a face to face meeting to discuss your mortgage advice requirements.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE