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Are 95% mortgages making a comeback?

I am currently saving for a deposit to buy my first home. I am hoping to have 5% of a £96,000 house by January 2011. Is it likely that I will be able to buy in early 2011 with my 5% deposit.

Asked on Jun 1 2010, Home Finance in Preston | Report content

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  • It is highly unlikely 95% mortgages will be available any time soon, even of they do I would imagine the rate would be very expensive.

    Answered on Jun 2 2010, Report content
  • In a word yes, If you look on certain search engines this will confirm there are now a hand full of lenders now doing 95%. This will change weekly, but there should be a lender out there to suit your needs. Always speak to your bank first and then an Independent Mortgage Advisor to see what is the best route for you to take.

    Answered on Jun 2 2010, Report content

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