95% loan to value mortgages

95% loan to value mortgages, or mortgages with a 5% deposit.

Are 95% loan to value mortgages hard to get?

There is an increasing number of 95% loan to value mortgages available from mortgage lenders for typically the first time buyer.

These mortgages are the highest exposure for the mortgage lenders in terms of the loan to value and as such the mortgage lenders typically impose a tougher credit scoring approach. It is quite typical for a mortgage lender to restrict the income multiples. And it is quite common that a larger mortgage advance could be available based on an applicant’s income, with the same lender with a bigger deposit.

Additionally, to the standard 95% mortgage for property purchases, there are mortgages with parental guarantees and now 95% loan to value mortgages are available for remortgages.

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Your home may be repossessed if you do not keep up repayments on a mortgage or any other debts secured on it. Think carefully before securing other debts against your home. Buy to let (pure) and commercial mortgages are not regulated by the FCA. No broker fee is charged typically; as commission received from the mortgage lender pays our minimum fee of £495 and any shortfall will be charged only on completion of your mortgage. Vincent Burch Ltd. is an Appointed Representative of JLM Mortgage Services Ltd., authorised and regulated by the Financial Conduct Authority, (FCA), registration number: 300629. The overall cost for comparison is 4.19% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration.

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