Your Local Property Update from Mannleys Sales & Lettings
๐ธ Big Boost for First-Time Buyers: More Low-Deposit Mortgages Available
๐ More 5% & 10% deposit mortgage options than at any point since 2008.
According to Moneyfacts, low-deposit mortgage deals are now more available than theyโve been in over 15 yearsโgreat news for buyers struggling to save while renting.
5% deposit mortgages: ๐ผ 442 deals available (up from 204 in 2022)
10% deposit mortgages: ๐ผ 845 deals (up from 684 in 2023)
While rates still average over 5%, this surge in product availability is a big win for aspiring homeowners.
โA rise in product availability for aspiring homeowners is a healthy step in the right direction.โ โ Rachel Springall, Moneyfacts
๐ก Properties Are Selling Fast โ Be Prepared
โฑ๏ธ Most homes are listed for just over a month before selling.
The market remains competitive, with strong buyer demand and limited supply. Thatโs why itโs crucial to have your mortgage in place and be ready to move quickly.
At Mannleys, we can connect you with our trusted local mortgage advisors who understand the landscape and can help you act with confidence.
๐ Your Market Snapshot
๐ Market Factor ๐ What You Should Know
Low-deposit options More than double compared to 2 years ago
Mortgage rates 5%+ for low-deposit deals
Buyer competition Still strongโhomes sell in ~30 days
Best rates Found with 40%+ deposits
โWeโre seeing real opportunities for first-time buyers again. With the right guidance, owning your first home could be closer than you think.โ
โ The Mannleys Team
๐ Your Move Starts Here โ With Mannleys
Whether you're buying, selling, or just thinking ahead, our team is here to guide you every step of the way.