Product focus: 95% mortgages - Mortgages - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Product focus: 95% mortgages

Product focus: 95% mortgages

Category: Mortgages

Updated: 17/12/2012
First Published: 01/02/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
There has been an increase in the number of high loan-to-value mortgages over recent months, which is good news for buyers with small deposits.

At present there are 49 mortgages requiring a deposit of at least 5% of the property value, compared to 24 last year.

Here is a selection of some of the current best fixed rate mortgage products with a maximum loan-to-value of 95%.

All of the following products are available to first, second and remortgage customers.

Shepshed Building Society

  • This deal offers a rate of 5.49% for five years.
  • The maximum loan-to-value is 95% with no maximum advance.
  • A fee of £499 is payable for second time buyers and remortgage customers, however, for first time buyers the fee is £999.

Ipswich Building Society

  • This product from Ipswich Building Society offers a rate of 5.75% to 31.3.14.
  • The maximum loan-to-value is 95% and customers can borrow from £25,000 up to £350,000.
  • A fee of £549 is payable.
  • An incentive of free legal fees is offered to remortgage customers.

Newcastle Building Society

  • This two year fixed rate deal offers a rate of 5.95% to 31.3.14.
  • The maximum loan-to-value is 95% and customers can borrow from £10,000 to £250,000.
  • A fee of £995 is payable.
  • Overpayments up to a maximum of £499 a month can be made.

Skipton Building Society

  • This deal offers a rate of 5.99% to 30.4.15.
  • The maximum loan-to-value is 95% with no maximum advance.
  • A fee of £195 is payable.
  • An incentive package of free legal fees and free valuation fees is also included for remortgage customers.

Find the best mortgage for you - Compare fixed rate mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Homemover numbers fall for first time since 2011

The mortgage market enjoyed a record year in 2016, so it may come as a surprise to hear that the number of people moving home has fallen for the first time in five years, with fewer apparently taking advantage of the market.

2016: the best year for remortgaging since 2009

Remortgaging has certainly seen a surge in activity of late, helped in no small part by the dramatic drop in mortgage rates over the last year, so much so that 2016 as a whole proved to be the best year for the sector since 2009.

Homeowners underestimate remortgaging savings

Remortgaging has been enjoying a surge in popularity in recent months, and considering how much you could save, it’s a no-brainer! Unfortunately, many fail to realise the extent of potential savings, which could mean too few make the switch.
 
Close