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Check out these 5% deposit mortgages 2011

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Are you looking to buy your home but finding it hard to stump up a high deposit amount? 5% Deposits mortgages 2011 will make it that little bit easier for you and could be exactly what you are looking for.

Over the last few months there has been a good few new deals launched for those who can only get a 5% deposit. 5% can be still a very high price and with the average price for a house over £280,000, that would amount to a deposit of £14,000 - which is a hefty payment for anyone.

Skipton building society through estate agents Connells have launched 95% mortgages for first time buyers. They offer you a 2 year fixed mortgage at a rate of 6.49% and a small fee of £195. This is a good rate on your mortgage and with the 5% deposit only required Skipton could get your foot on the property ladder. You can check up this information and follow it up on yourmortgage.co.uk.

Clydesdale and Yorkshire Banks have also launched 95% mortgages. They have a fixed rate for three years at 6.99% and this is accompanied by a £599 fee. You can view this deal and many more on cbonline.co.uk or on ybonline.co.uk.

So for those first time buyers out there who cannot come up with a 10% or 15% deposit on their home, waste no more time and avail of these 5% deposit mortgages 2011 and get your foot on the property ladder.

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