95% Mortgage

What is a 95% mortgage?

A mortgage loan where you borrow 95% of the loan with only a 5% deposit

Example: With a deposit of £12,500 you could secure a loan of £237,500


A lesser deposit means there is a greater risk of falling into negative equity, because these lenders charge a high interest rate on a 95% mortgage loan to cover a potential loss.

This makes it difficult to build up equity in a home, thus making it challenging to remortgage when the deal ends


This type of mortgage is useful if you are struggling to save for a larger deposit

Who is best suited to a 95% Mortgage?

Are you a non-saving party animal in need of a mortgage, or simply someone on minimum wage struggling alone?

This could be the winning ticket!