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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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.

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