Compare 95% LTV Mortgages

Looking for the best 95% LTV Mortgage comparisons for you?

These days it can be hard saving up to buy a house. Traditionally, buying a house meant saving up a large deposit in order to secure a mortgage. Today however saving money can feel harder than ever before and the pinch can become a real struggle for those seeking a mortgage. This is why 95% LTV mortgages are so popular, especially with first time buyers as they will cover 95% of the value of your home.

Our easy quote comparison tool lets you compare 95% LTV mortgage deals from mortgage lenders across the UK. Comparing mortgage quotes online can help you find the right mortgage deal for you, which can help take away some of the hassle and stress around securing a mortgage.

Are 95 percent mortgages a good idea?

A 95% mortgage has it’s advantages and disadvantages. A 95% mortgage means you only have to save up a deposit of 5% of the total value of the house which makes saving for a deposit possible for many first time buyers. However, it means you would be paying more in interest compared to a mortgage with a lower Loan To Value offer.

This is why it is vital to compare quotes to find the best 95% mortgage deal.

What is the best time to buy a house?

The best time to buy a house is when you are ready and your finances are secure. It is important to make sure you can pay the monthly costs and the deposit before you start the process to buy a house.

Is a 95% mortgage like a secured loan?

All mortgages are a type of secured loan. A secured loan is where a loan is backed by an asset owned by the person borrowing the money. This means that if you do not pay your mortgage payments, your house could be seized to repay the loan.

Is a 95% mortgage a good idea?

A 95% mortgage is an appealing idea for first time buyers or people who cannot afford to save up a large deposit. However, if you can easily save up a larger deposit, you may find a lower Loan To Value mortgage is appropriate, as it usually means you would pay less interest over the course of your loan.

Can I get a 95% mortgage for a Buy to Let property?

Most mortgage providers will only offer Buy to Let mortgages to people with deposits of 15% or higher. However, some mortgage providers offer higher or lower deposit amounts. The best way to see what different providers offer is to compare 95% LTV mortgage quotes.

How much deposit do I need to buy a house?

There is no set rule for how much deposit is needed to buy a house. The exact number changes between different mortgage providers. Some will offer a minimum of 5% deposit. Some specialist mortgage types, such as Buy To Let, have higher minimum deposit amounts. It is important to compare mortgage providers to find the minimum deposit amount.