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95% mortgages

Getting on the property ladder can be challenging, especially if you have a small deposit. That’s why we offer 95% mortgages, allowing you to purchase a home with as little as 5% deposit - a mortgage perfect for first time buyers.

What is a 95% mortgage?

A 95% mortgage allows you to borrow up to 95% of the value of the property you want to purchase, meaning you only need to contribute a minimum 5% deposit. So, if the price of the property you want to buy is £180,000 the minimum you would need to put down with a 95% mortgage is £9,000. The remaining £171,000 would then be borrowed and covered by the mortgage.

Example of how 95% mortgages work:

Property price
(100%)
£180,000

Minimum deposit
(5%)
£9,000

Borrowing amount
(95%)
£171,000


95% mortgages are also referred to as 95% LTV mortgages (LTV stands for Loan to Value) or 5% deposit mortgages.


Our 95% mortgage deals

Our 95% mortgages are not part of the new government-backed mortgage scheme.

You can find out what our current 95% mortgage deals are using the ‘Search our mortgages’ tool below.

Search our mortgages

Use our mortgage finder to search for mortgages which fit your circumstances.

Please note: This information does not contain all of the details you need to choose a mortgage. All figures shown are on a capital repayment basis.

We've found XX mortgages that may be available for you:

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Fixed Rate Mortgages

?What do these terms mean? Click here
  • 2 Year Fixed Rate Mortgage 95% LTV
  • Initial Rate 2.64% Fixed
  • Overall Cost for Comparison 3.9% APRC
  • Initial Estimated Monthly Payments £*
  • Booking Fee £0
  • Completion Fee £499
  • Early Repayment Charge Y
  • More info and how to apply
    • End Date

      29/02/2024

      Reversion Rate

      3.99% Variable for Term

      Benefits

      Free First Standard Valuation available (max £740)
      No Booking Fee
    • Early Repayment Charges

      2% of amount repaid until 28/02/2023, followed by 1% of amount repaid until 29/02/2024 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.

  • 2 Year Fixed Rate Mortgage 95% LTV
  • Initial Rate 2.84% Fixed
  • Overall Cost for Comparison 3.9% APRC
  • Initial Estimated Monthly Payments £*
  • Booking Fee £0
  • Completion Fee £0
  • Early Repayment Charge Y
  • More info and how to apply
    • End Date

      29/02/2024

      Reversion Rate

      3.99% Variable for Term

      Benefits

      Free First Standard Valuation available (max £740)
      £500 cashback, paid on completion
      No Booking Fee and No Completion Fee
    • Early Repayment Charges

      2% of amount repaid until 28/02/2023, followed by 1% of amount repaid until 29/02/2024 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.

  • 5 Year Fixed Rate Mortgage 95% LTV
  • Initial Rate 2.89% Fixed
  • Overall Cost for Comparison 3.7% APRC
  • Initial Estimated Monthly Payments £*
  • Booking Fee £0
  • Completion Fee £999
  • Early Repayment Charge Y
  • More info and how to apply
    • End Date

      28/02/2027

      Reversion Rate

      3.99% Variable for Term

      Benefits

      Free First Standard Valuation available (max £740)
      No Booking Fee
    • Early Repayment Charges

      5% of amount repaid until 28/02/2023, followed by 4% of amount repaid until 29/02/2024, followed by 3% of amount repaid until 28/02/2025, followed by 2% of amount repaid until 28/02/2026, followed by 1% of amount repaid until 28/02/2027 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.

  • 3 Year Fixed Rate Mortgage 95% LTV
  • Initial Rate 3.09% Fixed
  • Overall Cost for Comparison 3.8% APRC
  • Initial Estimated Monthly Payments £*
  • Booking Fee £0
  • Completion Fee £0
  • Early Repayment Charge Y
  • More info and how to apply
    • End Date

      28/02/2025

      Reversion Rate

      3.99% Variable for Term

      Benefits

      Free First Standard Valuation available (max £740)
      £500 cashback, paid on completion
      No Booking Fee and No Completion Fee
    • Early Repayment Charges

      3% of amount repaid until 28/02/2023, followed by 2% of amount repaid until 29/02/2024, followed by 1% of amount repaid until 28/02/2025 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.

  • 5 Year Fixed Rate Mortgage 95% LTV
  • Initial Rate 3.09% Fixed
  • Overall Cost for Comparison 3.7% APRC
  • Initial Estimated Monthly Payments £*
  • Booking Fee £0
  • Completion Fee £0
  • Early Repayment Charge Y
  • More info and how to apply
    • End Date

      28/02/2027

      Reversion Rate

      3.99% Variable for Term

      Benefits

      Free First Standard Valuation available (max £740)
      £1000 cashback, paid on completion
      No Booking Fee and No Completion Fee
    • Early Repayment Charges

      5% of amount repaid until 28/02/2023, followed by 4% of amount repaid until 29/02/2024, followed by 3% of amount repaid until 28/02/2025, followed by 2% of amount repaid until 28/02/2026, followed by 1% of amount repaid until 28/02/2027 plus interest to the date of redemption. Following the above period, interest will be charged to the date of redemption. You can make overpayments below £1,000 each calendar month without incurring early repayment charges.

*Initial estimated monthly payments are calculated based on the figures entered above on a capital and interest repayment basis.

Representative example

A mortgage of £155,000 payable over 25 years initially on a fixed rate for two years at 3.29% and then on our current standard variable rate of 3.99% (variable) for the remaining 23 years would require an initial payment of £1,191.73, 23 monthly payments of £758.62 and 276 monthly payments of £813.22.

The total amount payable would be £243,313.71 made up of the loan amount plus interest (£88,065.78), a telegraphic transfer fee (£30) and an account management fee (£195 - paid upon redemption).

The overall cost for comparison is 4.0% APRC representative.


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As voted in the Moneyfacts Awards 2021


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