Moneyfacts data shows that 95% LTV mortgage rates have started to creep up over the past couple of months, with two and five-year fixed rates reducing in every LTV tier except for 95% in August. Further research found that the total number of products at 95% LTV fell from 391 deals in August to 380 in September. As rates begin to rise, so will the importance of advice. Most first-time buyers would probably fail to look past a headline rate to consider fees, cashback and other factors in their mortgage deal which could save (or lose) them money in the long run. Additionally, the desire to own a home amid contracting product choice and ever-growing deposits is leading more first-time buyers to rely on the Bank of Mum and Dad, or the Bank of Granny and Grandad. This further highlights how advice can be vital in helping entire families to choose the most appropriate option for them, whether it involves equity release, becoming a guarantor or gifting a deposit. If the 95% LTV market continues to contract in the long term and small-deposit borrowers struggle to access affordable mortgage deals from high street lenders, financial advice will be even more crucial to ensure that the first-time buyer market continues to flourish. If you are First-time Buyer in Ely, book an appointment with The Mortgage Bureau by calling 01353 383773. Your One Stop Mortgage Shop!