Compare 95% LTV mortgages
Why are you looking for a mortgage?
Scottish Building Society 2 year discount
Repayment mortgage of £266,000 over 25 years, representative APRC 5.3%. Repayments: 24 months of £1,191.98 at 2.49% (discount), then 276 months of £1,636.71 at 5.75% (variable). Total amount payable £481,334.48 which includes interest of £214,339.48. Arrangement Fee (£995) paid upfront. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are older than 18 years
Available Direct.
Max age at term end: 85 years
Minimum income £40,000
Available in branch only.
Additional criteria may apply.
Scottish Building Society 2 year discount for properties in Scotland
Repayment mortgage of £266,000 over 25 years, representative APRC 5.3%. Repayments: 24 months of £1,191.98 at 2.49% (discount), then 276 months of £1,636.71 at 5.75% (variable). Total amount payable £481,334.48 which includes interest of £214,339.48. Arrangement Fee (£995) paid upfront. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of Scotland
Are older than 18 years
Available Direct.
Max age at term end: 85 years
Minimum income £40,000
Available in branch only.
Additional criteria may apply.
Newcastle Building Society 2 year discount
Repayment mortgage of £266,000 over 25 years, representative APRC 3.8%. Repayments: 26 months of £1,220.29 at 2.7% (discount), then 274 months of £1,384.15 at 3.96% (variable). Total amount payable £411,983.64 which includes interest of £144,984.64. Product Fee (£999) with an option to add to the loan. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 80 years
Available via telephone only.
Additional criteria may apply.
Scottish Building Society 2 year discount for properties in Scotland
Repayment mortgage of £266,000 over 25 years, representative APRC 5.3%. Repayments: 24 months of £1,227.09 at 2.75% (discount), then 276 months of £1,640.08 at 5.75% (variable). Total amount payable £482,112.24 which includes interest of £216,112.24. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of Scotland
Are older than 18 years
Available Direct.
Max age at term end: 85 years
Minimum income £40,000
Available in branch only.
Additional criteria may apply.
Scottish Building Society 2 year discount
Repayment mortgage of £266,000 over 25 years, representative APRC 5.3%. Repayments: 24 months of £1,227.09 at 2.75% (discount), then 276 months of £1,640.08 at 5.75% (variable). Total amount payable £482,112.24 which includes interest of £216,112.24. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are older than 18 years
Available Direct.
Max age at term end: 85 years
Minimum income £40,000
Available in branch only.
Additional criteria may apply.
Accord Mortgages 2 year discount cashback mortgage
Repayment mortgage of £266,000 over 25 years, representative APRC 4.5%. Repayments: 27 months of £1,261.40 at 3% (discount), then 35 months of £1,392.62 at 4% (discount), then 238 months of £1,514.51 at 4.99% (variable). Total amount payable £443,747.88 which includes interest of £177,252.88. Product Fee (£495) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Wales
Are older than 18 years
Max age at term end: 80 years
Available via brokers only.
Additional criteria may apply.
Accord Mortgages 2 year discount
Repayment mortgage of £266,000 over 25 years, representative APRC 4.5%. Repayments: 27 months of £1,264.17 at 3.02% (discount), then 35 months of £1,392.86 at 4% (discount), then 238 months of £1,514.77 at 4.99% (variable). Total amount payable £443,397.95 which includes interest of £177,397.95. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Wales
Are older than 18 years
Max age at term end: 80 years
Available via brokers only.
Additional criteria may apply.
Loughborough 2 year discount
Repayment mortgage of £266,000 over 25 years, representative APRC 5.3%. Repayments: 24 months of £1,310.36 at 3.35% (discount), then 276 months of £1,623.82 at 5.59% (variable). Total amount payable £479,622.96 which includes interest of £213,622.96. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 80 years
Additional criteria may apply.
Loughborough 3 year discount
Repayment mortgage of £266,000 over 25 years, representative APRC 5.2%. Repayments: 36 months of £1,330.23 at 3.49% (discount), then 264 months of £1,614.09 at 5.59% (variable). Total amount payable £474,707.04 which includes interest of £208,008.04. Completion Fee (£699) paid on completion. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 80 years
Additional criteria may apply.
Chorley Building Society 2 year discount
Repayment mortgage of £266,000 over 25 years, representative APRC 5.7%. Repayments: 24 months of £1,344.53 at 3.59% (discount), then 276 months of £1,686.44 at 5.99% (variable). Total amount payable £498,025.16 which includes interest of £231,726.16. Scheme Fee (£299) paid upfront (non-refundable). Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Wales
Are older than 18 years
Available Direct.
Available in branch only.
Additional criteria may apply.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Guide to 95% mortgages
Last updated: 7 May 2021
A 95% LTV mortgage is one of the highest loan-to-value ratio mortgages available, but how do 95% mortgages work and where can you find 95% mortgage lenders?
What is a 95% mortgage?
A 95% mortgage is a mortgage where you provide a 5% deposit up front, and the value of the loan covers the remaining 95% of the property price.
It has a 95% loan-to-value ratio - the loan to value ratio describes how much you are borrowing in relation to the price of your house.
For example, if you borrow £95,000 for a house costing £100,000, then your loan-to-value ratio is 95,000/100,000, or 95%.
Why does loan-to-value matter?
The loan-to-value ratio is a huge factor for lenders to decide how much they can lend you, and at what rate.
If you borrow more in relation to your house value then you are a higher risk for the lender, as there’s more for you to pay back.
That also means there’s more risk for you, the borrower. The more you borrow, the more you have to pay back and, crucially, the more interest you will eventually pay over the lifetime of the mortgage.
A 95% LTV mortgage is the maximum LTV you can typically find in the UK, and there are several things to consider before you apply for a 95% mortgage.
When will 95% mortgages come back?
Due to the risks involved for lenders, in recent years 95% LTV mortgages have been less available than lower LTV mortgages. However, 95% mortgages have seen somewhat of a resurgence as the Bank of England’s interest rates remain low and the lenders can borrow for less.
In addition, the government has launched a new 95% mortgage guarantee scheme to increase the availability of these mortgages on the market. From April 2021, under the scheme then the government will guarantee the amount borrowed over 80% to reduce the risk for lenders and encourage banks to offer more high LTV mortgages.
What do 95% mortgage lenders look for?
Eligibility for 95% mortgage deals is similar to lower LTV mortgages, with the same affordability criteria applied that lenders will be looking for so that they can be confident in your ability to make repayments.
A prospective lender will assess your income, as well as reviewing your expenses and any debt you owe before deciding whether or not to offer you a mortgage. Your credit history will affect your ability to borrow too, with a good credit score increasing your chances of access to a better mortgage interest rate.
Should you get a 95% LTV mortgage?
Saving for a deposit is increasingly challenging with rising house prices, so the resurgence of 95% mortgages has been welcomed by many prospective buyers and movers. However, before deciding to commit to a high loan to value mortgage, it’s important to think about the disadvantages of a 95% mortgage.
The higher the loan to value ratio, the higher the interest rate you will usually pay on your mortgage. This can add up significantly, so often it’s worthwhile saving up a bigger deposit which will allow you to take advantage of a lower interest rate mortgage. There is also a higher risk of negative equity with a 95% mortgage - where the value of your outstanding mortgage is more than the value of your property.
Are there alternatives to a 95% mortgage?
If you have a small deposit, there are other options available to consider as an alternative to a 95% mortgage. The government has a number of home ownership schemes designed to help aspiring homeowners to get on to the property ladder. Help to Buy includes the shared ownership scheme, as well as the Help to Buy equity loan. You can find out more about help to buy here.
How to find the best 95% mortgage
You can find the best 95 percent mortgage deals using our mortgage comparison tool.
Looking for a different LTV?
7 May 2021
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