Overview

• Loans between £96,000 and £350,000 are offered at a five-year fixed rate of 5.25% with up to 98% loan-to-value and are available nationwide.
• Borrowers must put down at least £5,000 or 2% of the purchase price and certify the deposit was self-saved, with parental gifts not permitted.
• More than half of recent first-time buyers received parental help, according to Savills, highlighting the shift toward products for independent savers.
• Moneyfacts reports a 17-year high in 90%–95% LTV choice, while rivals include Marsden’s 95% five-year fixes around 4.69%–4.79% and Skipton’s 100% route for proven rent payers.
• Brokers say the deal could aid renters struggling to build deposits, and experts warn that very low equity increases vulnerability if house prices fall.