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HSBC, Barclays and NatWest among first high street names to offer new 5% deposit mortgage deals

HSBC, Barclays and NatWest among first high street names to offer new 5% deposit mortgage deals Many of the new low deposit deals are available to first-time buyers, existing homeowners and self-employed applicants. More lenders are expected to offer low deposit deals to first-time buyers and exiting homeowners (Image: Getty Images) Get the latest on money saving tips and benefit changes straight to your inbox each week with our Record Money newsletter.Invalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice.

Natwest, Lloyds and more unveil new five per cent mortgages

– Barclays  Barclays has two new products under the scheme. It is offering a two-year fixed-rate fee-free deal on loans of between £25,000 and £570,000, with a rate of 3.99 per cent. It is also offering a higher rate of 4.09 per cent for borrowers who want to fix their mortgage for a longer period of five years. The products are available to self-employed applicants, who can be first-time buyers or existing home owners, and they can be applied for through a broker or direct with Barclays. The products are unavailable on new-build properties. A Barclays statement said: “We are looking forward to supporting customers in their next steps as home owners.”

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