The financial information firm found that as the number of first-time buyer products has increased, the average rate has dropped from 5.63% in June 2009 to 5.22% in June 2011.
A spokesperson for the firm, said: “First-time buyers are often considered to be the life-blood of the housing market. As well as high mortgage rates, many borrowers have found it incredibly difficult to find funds for large deposits, often entirely beyond their financial capabilities.
“Higher LTV mortgages have made a return to the market over recent months, suggesting lenders are taking positive steps to help the first-time buyer market.”
She added that there are 31 deals in the market available at 95% LTV, an increase from six deals in June 2009.
“These positive figures should offer some hope to those who dream of owning their own home,” she said.
