Melton Mowbray Building Society has launched a three-year fixed rate mortgage offering a competitive 5.49% to 31.10.2015 to first-time buyers with deposits of just 5% or over.
The minimum borrowing advance is £25,000 and a fee of £998 is payable.
The deal allows borrowers to offset their savings against their mortgage and offers the flexibility to make overpayments of up to 10% of the outstanding balance.
This product has been awarded four out of five Moneyfacts stars.
Find the best low deposit mortgage for your first home.
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