95% LTV Moving Home Mortgages

With an increasing number of lenders offering 95% loan-to-value (LTV) mortgages – and lowering their interest rates as a result of intensifying competition – you could find more deals available to buy a home with only a 5% deposit. View today's best rates above. 

• Low deposit. You only need a 5% deposit with a 95% LTV mortgage.
• Potential savings each month. You may find that your monthly mortgage repayments are lower than any amount you could currently be paying for rent. However, you should remember that your total costs with interest over the term of your mortgage may be more expensive.
• More choice. Lenders are increasingly offering 95% deals to meet first-time buyer mortgage demand.

• Higher interest rates. Although the rates for 95% mortgages have fallen, they're still higher than the lower LTV alternatives.
• Strict lending criteria. You'll need to make sure you have reviewed your affordability before applying for this mortgage.
• Be careful of potential negative equity. If house price conditions change, and values fall, this could result in your house value dropping at a greater rate than you are paying off your mortgage.