95 Percent Mortgages

95% mortgages

		Mortgage Type Buy to Let: For landlords purchasing a property for letting. Discount: The interest rate rises and falls with the provider’s standard variable rate but is set at a lower discounted rate for certain period. Fixed: The interest rate is fixed for a certain period – usually 1 to 5 years. Offset: Mortgage interest payments are offset against any savings you may hold. Tracker: The interest rate rises and falls with the Bank of England base rate. Variable: The interest rate rises and falls with the provider’s standard interest rate (SVR).	Initial Rate The introductory rate of interest that you will pay for a certain period of time depending on the mortgage type and term.	Initial Term The length of time that the initial interest rate applies to the mortgage.	Final Rate Also referred to as Subsequent Rate - the interest rate that your mortgage will revert to after any introductory rates have finished.	Cost For Comparison This is the mortgage’s Annual Percentage Rate (APR): the interest rate that you will be charged on your mortgage including all charges such as arrangement fees.	Loan to value The percentage of a property’s value for which the mortgage can be used. Example: 75% loan to value = 25% deposit.	Fee to Apply This is the fee that must be paid to the lender when you take out the mortgage. It can be applied to the loan or paid separately.
	NatWest 2yr 4.49% Fxd LTV 95% Direct NewBuy scheme + More Details	Fixed	4.49%	31/10/2015	4.00%	4.20%	95%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 5% Max Loan: £500000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 158 2907
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 5% Max Mortgage Amount £500000 Shared Ownership no Initial Rate 4.49% Initial Term 31/10/2015 Final Rate 4.00% Overall Cost for Comparison 4.20% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan na
	NatWest 5yr 4.79% Fxd LTV 95% Direct NewBuy Scheme + More Details	Fixed	4.79%	31/10/2018	4.00%	4.50%	95%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 5% Max Loan: £500000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 158 2907
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers yes Available for Home Movers yes Minimum Deposit 5% Max Mortgage Amount £500000 Shared Ownership no Initial Rate 4.79% Initial Term 31/10/2018 Final Rate 4.00% Overall Cost for Comparison 4.50% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan na
	NatWest 2yr 5.49% Fxd LTV 100% Ex/B Direct + More Details	Fixed	5.49%	31/10/2015	4.00%	Pending	100%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: See Lender Max Loan: £250000 First time buyer: no Homemover: no Remortgage: no Call Direct 0800 158 2907
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers no Available for Home Movers no Minimum Deposit See Lender Max Mortgage Amount £250000 Shared Ownership no Initial Rate 5.49% Initial Term 31/10/2015 Final Rate 4.00% Overall Cost for Comparison Pending Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Royal Bank of Scotland 2yr 5.49% Fxd LTV 100% Ex/B Direct + More Details	Fixed	5.49%	31/10/2015	4.00%	Pending	100%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: See Lender Max Loan: £250000 First time buyer: no Homemover: no Remortgage: no Call Direct 0800 096 7446
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers no Available for Home Movers no Minimum Deposit See Lender Max Mortgage Amount £250000 Shared Ownership no Initial Rate 5.49% Initial Term 31/10/2015 Final Rate 4.00% Overall Cost for Comparison Pending Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	BM Solutions 3yr 5.59% Fixed BBR LTV 95% Ex/B + More Details	Fixed	5.59%	31/08/2016	4.84%	5.20%	95%	£1500	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 5% Max Loan: £2000000 First time buyer: no Homemover: no Remortgage: no
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers no Available for Home Movers no Minimum Deposit 5% Max Mortgage Amount £2000000 Shared Ownership no Initial Rate 5.59% Initial Term 31/08/2016 Final Rate 4.84% Overall Cost for Comparison 5.20% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	NatWest 2yr 5.79% Fxd LTV 100% Ex/B Direct No Fee + More Details	Fixed	5.79%	31/10/2015	4.00%	Pending	100%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: See Lender Max Loan: £250000 First time buyer: no Homemover: no Remortgage: no Call Direct 0800 158 2907
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers no Available for Home Movers no Minimum Deposit See Lender Max Mortgage Amount £250000 Shared Ownership no Initial Rate 5.79% Initial Term 31/10/2015 Final Rate 4.00% Overall Cost for Comparison Pending Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan na
	Royal Bank of Scotland 2yr 5.79% Fxd LTV 100% Ex/B Direct No Fee + More Details	Fixed	5.79%	31/10/2015	4.00%	Pending	100%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: See Lender Max Loan: £250000 First time buyer: no Homemover: no Remortgage: no Call Direct 0800 096 7446
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers no Available for Home Movers no Minimum Deposit See Lender Max Mortgage Amount £250000 Shared Ownership no Initial Rate 5.79% Initial Term 31/10/2015 Final Rate 4.00% Overall Cost for Comparison Pending Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan na
	BM Solutions 4yr 5.89% Fixed BBR LTV 95% Ex/B + More Details	Fixed	5.89%	31/08/2017	4.84%	5.30%	95%	£1500	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 5% Max Loan: £2000000 First time buyer: no Homemover: no Remortgage: no
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers no Available for Home Movers no Minimum Deposit 5% Max Mortgage Amount £2000000 Shared Ownership no Initial Rate 5.89% Initial Term 31/08/2017 Final Rate 4.84% Overall Cost for Comparison 5.30% Product Type Fixed Current Account/Offset no Overpayments Allowed? restricted Early Repayment Charge yes Application Fee Added to Loan yes
	Saffron Building Society 3yr 5.99% Fixed FTB LTV 95% + More Details	Fixed	5.99%	31/08/2016	5.39%	5.70%	95%	£495	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 5% Max Loan: £500000 First time buyer: yes Homemover: no Remortgage: no
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers yes Available for Home Movers no Minimum Deposit 5% Max Mortgage Amount £500000 Shared Ownership no Initial Rate 5.99% Initial Term 31/08/2016 Final Rate 5.39% Overall Cost for Comparison 5.70% Product Type Fixed Current Account/Offset no Overpayments Allowed? yes Early Repayment Charge no Application Fee Added to Loan yes
	Saffron Building Society 3yr 5.99% Fixed H/P LTV 95% + More Details	Fixed	5.99%	31/08/2016	5.39%	5.70%	95%	£495	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 5% Max Loan: £500000 First time buyer: no Homemover: yes Remortgage: no
Application Criteria Product Details Fees and Charges Available for Remortgage no Available for First Time Buyers no Available for Home Movers yes Minimum Deposit 5% Max Mortgage Amount £500000 Shared Ownership no Initial Rate 5.99% Initial Term 31/08/2016 Final Rate 5.39% Overall Cost for Comparison 5.70% Product Type Fixed Current Account/Offset no Overpayments Allowed? yes Early Repayment Charge no Application Fee Added to Loan yes
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

95% mortgages explained

Houses rarely come cheap. In fact, trying to find a deposit of 20 per cent or more in order buy one will seem like a mountain to climb for many first time buyers.

And alas! most deals on the mortgage market will demand that and more.

But having come under pressure to help more young people get on to that first rung of the property ladder, the banks have begun to periodically introduce 95 per cent loan-to value ratio (or LTV) offers.

This means you'll need to put up only five per cent of the cost of the house as a deposit upfront. Suddenly, the idea of your own bricks and mortar might not seem so farfetched.

You might face a higher interest rate, since you will be seen to be at a higher risk of defaulting, but when there are so many other costs involved in buying your own home and that six figure salary hasn't yet materialised in your young career, you might consider this to be a price worth paying to get your name on the deeds.

With some 95 per cent mortgages, the bank will offer you the opportunity to use the backing of a guarantor - such as a parent, grandparent or even, in some cases, the government - who will be liable to meet your monthly repayment if you can't. This could also bring your interest rate down a touch.

Read Know Your Money's guide to getting on the property ladder.

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