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95% ltv

rickywood2012
rickywood2012 Posts: 1 Newbie
in Mortgages & endowments
Does anyone know of any companies that are offering 5% deposit mortgages. I currently earn £26000 and am a Police Officer whilst my fiancee works for M&S on £16000.

Any adivce is welcome

Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Look at Yorkshire Bank. Nottingham Building Society. Skipton Building Society.

    But usually a 10% deposit will get a significantly better deal for the lending.
  • ACG
    ACG Posts: 24,896 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Ipswich, Newsbury and Marsden building societies all offer a 95% products. Some of those only offer deals via advisors. I think there are a few others on the market too but cant remember off the top of my head.
    Ths skipton might too.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    rickywood2012 wrote: »
    Does anyone know of any companies that are offering 5% deposit mortgages. I currently earn £26000 and am a Police Officer whilst my fiancee works for M&S on £16000.

    Any adivce is welcome


    Your better off saqving a far bigger deposit. If you go for a 95% mortgage you will be on a really high rate, go into negative equity and just have a bad time.

    Cut back and get that deposit to 10-15%, it will be easier with house prices falling.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
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