95% loan to value mortgage | 5% deposit mortgages | YBS
95% mortgages
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Your home may be repossessed if you do not keep up repayments on your mortgage.
What is a 95% mortgage?
A 95% mortgage is also known as a 95% loan to value (LTV) mortgage. It means you can borrow 95% of the value of a property. So your deposit only needs to be 5%.
How to get a mortgage
Get a Decision in Principle (DIP)
Get a Decision in Principle (DIP) to find out how much you could borrow. Choose how to get a DIP below.
You may need a DIP to make an offer on a home.
You may need a DIP to make an offer on a home.
Apply for a mortgage
Complete a full application online or over the phone.
If you have less than 10% deposit, you'll need to apply over the phone.
If you have less than 10% deposit, you'll need to apply over the phone.
Get your mortgage offer
We'll value your home and check your credit history. Then we'll be in touch within 15 working days.
Complete
Once the legal work is complete, you'll exchange contracts and set a completion date.
This is when you'll get the keys to your new home.
This is when you'll get the keys to your new home.
Get a Decision in Principle
You’ll need to call us for Decision in Principle about a 95% mortgage.
Instant decision
Valid for 90 days
Doesn't affect your credit score
Talk to our mortgage specialists.
9am to 5pm Monday to Friday
9am to 1pm Saturday
Calls to 03 numbers are charged at the same rate as 01 or 02 numbers from all phones.
How does a 95% mortgage work?
To get a 95% mortgage, you need to have a 5% deposit. For example, if you wanted to buy a £300,000 home:
£300,000 =
Property
£15,000
5% deposit
+
£285,000
95% mortgage
Learn more about mortgages
Find more about first time buyer mortgage in our helpful guide, including:
Key steps in the home-buying journey.
A quick guide to mortgages.
Tips on how to work out what you can afford.
Is a 95% mortgage right for me?
You only need a 5% deposit.
It’s available for first time buyers, home movers and remortgages.
You could borrow between £50,000 and £600,000 if you meet our lending criteria.
Things to consider with a 95% mortgage
Interest rates can be higher than other mortgages.
There is a higher risk of your home falling into negative equity. This is when the value of your home falls below what you still owe on a mortgage.
As with all mortgages, early repayment charges and other fees and charges may apply.
How much can I borrow?
Our borrowing calculator can tell you how much we may be able to lend to you.
Call us
Chat to our mortgage specialists about your options.
9am to 5pm Monday to Friday
9am to 1pm Saturday
Calls to 03 numbers are charged at the same rate as 01 or 02 numbers from all phones.