Published on: 20 May 2021

Most of us dream of owning our own home but saving for a deposit can be hard.

That’s why we are making it easier by launching 95% loan to value (LTV) mortgages with market-leading interest rates to help first time buyers and home movers.

We’re the largest mortgage provider to offer 95% LTV mortgages without using the Mortgage Guarantee Sceheme.

Giving you the support you need

The new mortgage range is available to both first time buyers and home movers.

There will be a choice of either a 2 or a 5 year fixed rate, or a 2 year tracker rate product. These will be available with various product fee options. They will come with market-leading rates starting from 3.49%. All products will be under 4%.

Compare mortgage deals and find out what your interest rate and monthly payments could be

As with all our first time buyer mortgages, first time buyers will get £500 cashback* when they complete their 95% mortgage with us.

What you need to know

Our 95% LTV mortgages are not available if you are:

  • self-employed
  • buying a flat
  • buying a new build house.

The maximum LTV for these applications is 85%.

Check how much you could borrow

Use our mortgage calculator to get a rough idea of what you could borrow – in just minutes.

How to get a Decision in Principle

Before you can apply for a 95% mortgage, you’ll need to get a Decision in Principle.

Find out how to get one:

Helping hand

This launch follows the announcement of our new ‘Helping Hand’ mortgage. This gives first-time buyers the option of borrowing up to 5.5 times their income when taking a five or 10 year fixed rate up to 90% LTV.

It's important to remember

House prices can go down as well as up. There's a risk that the value of your stake in your home (your ‘equity’) could reduce. That could affect your future plans.

Mortgages are secured on your home. You could lose your home if you do not keep up payments on your mortgage. Mortgages are subject to underwriting and criteria. Minimum age 18, UK residents only.

*Only one £500 cashback will be paid per mortgage and is payable within one month of completion. If applying jointly, all applicants need to be first time buyers (we see first time buyers as customers who have not had a mortgage in the last three years).

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