The lender “Accord” have been the first to announce details of their new 95% loan to value deal.

First-time buyers with just a 5% deposit will receive a boost from tomorrow (Wednesday) as they become the first lender to return to the 95% LTV market. They are launching a five-year fixed rate mortgage - exclusively to first-time buyers. The new product has a fixed rate of 3.99% and comes with a £995 fee and free standard

valuation. It’s available up to a maximum borrowing of £500,000. They won’t be using the government’s mortgage guarantee scheme for this product and it’s not available for apartments, new builds or properties in Northern Ireland.

To qualify for the new product, first-time buyers will be able to borrow a maximum of 4.49 times their income, ensuring prudent affordability.

All rates are subject to terms and conditions and availability, lenders can withdraw rates at any time.

For information on these products, or indeed any of other range of services we offer please feel free to contact us.

Aqua Mortgage Services, Bedford i-lab, Priory Business Park, Stannard Way, Bedford, MK44 3RZ.

Email - info@aquamortgageservices.co.uk

Tel. 07977 938596