Mortgage prices have never been so good, and for anyone with enough savings to form a deposit, the next six months could be the best time to purchase a home.

Although the Help to Buy schemes are good for helping first time buyers onto the market, the scheme doesn’t cover everyone or everything, and there are other people seeking to climb the property ladder.

According to bank of England figures, there are 25 mortgage deals on offer at the moment which charge a lower interest than the best easy access savings accounts.

The best easy access savings account on the market currently only earns an interest of 1.5%. This is fairly low, but now 25 mortgages are charging even less than this interest rate to the borrowers.

HSBC, for example, have taken their lowest two-year fixed rate interest down to 1.19% interest.

So for anyone hoping to get a home, now is the time. Assuming they have enough saved up to overcome the deposit.

Deposits tend to be a lot bigger on the cheaper mortgages, and some of these low rate ones can require up to 40% of the property value to be put down right at the start. This launches them out of the reach of those who are making use of the Help to Buy scheme, or those looking for their first property. Recent research found that first time buyers have a salary on average, of just under £28,000.

So while this is good news for those with big savings to support them, these fantastically low rate mortgages are still beyond the reach of younger or lower paid people.