5% Deposit Mortgage?

tkane

thanks.........

BenL

I think you should talk to a few banks first before making an offer.

Try a few websites or talk to an IFA.

Websites have calculators for lending amounts and repayment rates.

The seller would not be happy if they accepted your offer and then you found out how much you could borrow.

You need to see what you can afford first.

Ben

stanmoresaver

This would be difficult.

You are looking at 5x joint income with only 5% deposit and with costs added, ie MIG (which would be steep) the loan would end up at 97-98%

I seriously suggest you talk to a Broker

Sorry not to be more positive

SS

mummytofour

Dont forget stamp duty too

herbiesjp

I too would suggest talking to a mortgage adviser.

What you are looking for would appear to be outside of normal lending multiples, and affordability based lenders. However a good adviser will know how to position a case to a lender in its best light to get the most from that lender

Some lenders do not charge HLC (formerly MIG) at 95%