95% mortgage deals??

reload

Hi, i am looking to buy something for £130,000 i have a 5% deposit. Does any one know of anybody that still gives 95% mortgages??

I know 95% mortgage have a high rate and are not ideal but i still would like to know if anyone has this deal?

Thanks

Mapson_2

FSA site ( http://www.fsa.gov.uk/tables ) shows the following lenders offering 95% mortgages:

Abbey 7.09%
Clydesdale Bank 6.99%
Nottingham Building Society 6.39%
Tipton & Coseley 5.99%
Yorkshire Bank 6.99%

http://forums.moneysavingexpert.com/showthread.html?t=1649043

herbiesjp

Just be careful as the information on that site can be out of date.

If going direct to lenders, rather than via a broker, double check that they have 95% deals first before doing anything like credit checks.

reload

herbiesjp wrote: »

Just be careful as the information on that site can be out of date.

If going direct to lenders, rather than via a broker, double check that they have 95% deals first before doing anything like credit checks.

Thank you, would you recommend going via broker rather than contacting a lender directly?

Thanks in advance.

herbiesjp

If that broker can source all deals, inlcuding direct deals, then yes.

You will probably have to pay a fee for this kind of service though