First Time Buyer with a Small Deposit?

First time buyers have had a pretty tough time of it over the last few months with more lenders pulling away from the high loan to value deals and concentrating on mortgages with higher deposits, for example in the 25% deposit range. There are still lenders operating in the market that will offer mortgages with minimal deposits from 5% although the rates being offered at this level do reflect the deposit size and its a very simple rule in the mortgage market, the bigger the deposit the more competitive the interest rate.