Brokers divided on 99% LTV mortgage product from YBS

Dariusz Karpowicz, director at Albion Financial Advice: “Accord’s launch of a 99% mortgage for first-time buyers is like a breath of fresh air. “With just a £5,000 deposit, it’s a game-changer for many dreaming of homeownership but stuck in the savings slow lane. “Sure, it’s a bold move amidst the cost of living squeeze, and while it won’t solve every problem — affordability still looms large with wages lagging behind inflation — it’s a step towards making the property ladder less of a leap. “Here’s hoping this sparks a trend, encouraging more lenders to craft solutions that really help first-time buyers. It’s about time the path to owning a home became a bit smoother.”