The main focus of this weekend’s financial press was the launch of new 95% deals by HSBC and Yorkshire Building Society. The Guardian reported that YBS have launched their range without relying on Government support through the Help to Buy initiative, following research which suggested that buyers favoured more traditional home loans. Experts in the Financial Times suggested that these new rates are still likely to have an impact on the rates of expected new Help to Buy mortgages launching next year. Brokers in the Sunday Times were also keen to point out that lenders offering low deposit deals are only interested in high-quality applications so criteria at this level will still be extremely stringent.
Elsewhere the Mail on Sunday and Independent on Sunday both looked at alternative options, including guarantor mortgages, buying with friends, or restricted area mortgages offered by smaller lenders who may have more flexible underwriting in localised areas.