The Bank of England has withdrawn its Funding for Lending Scheme (FLS) for would-be homeowners, but brokers like First Choice Finance can still help you to find a purchase mortgage deal even with quite low deposits.

Governor Mark Carney has indicated that money will now be directed more towards businesses, rather than the domestic market, in a bid to prevent an unsustainable housing bubble from forming, which could derail the economy if-and-when it popped.

This FLS withdrawal may leave some people wanting to own a home stuck for options, as lenders may not have as many attractive options available now, however to balance this out the government has rolled out its help to buy 2 scheme which will help first time buyers and home movers get mortgages sorted.

Discover more about getting mortgage funding for home ownership through first choice finance by visiting firstchoicefinance.co.uk or by giving us a call – from a mobile, it`s 0333 003 1505 and from a landline it`s 0800 298 3000.