Yorkshire Building Society first to bring back 95% mortgages

Yorkshire Building Society first to bring back 95% mortgages:

Riskier product not available for newbuild houses or flats and follows budget offer to back part of the loans

Yorkshire Building Society will become the first lender to relaunch 95% mortgages in the mainstream market, nearly a year after the pandemic spooked lenders into withdrawing low-deposit home loans.

However, the deal will only be available to first-time buyers and the society will apply strict conditions on lending, including ruling out flats and new-build homes.

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