95% mortgages

Helix

ACG wrote: »

You have a property putting down just 5% and you have a sad face at 4.34%...
Words escape me.

Oh I have no problem with the 4.34% it was just in response to brectta getting 3.74% on the same product.

poormaria

Currently there is a 95% deal at 4.69% with no arrangment fee but there is a application fee of £199, however I also know this is exclusive to certain brokers. I don't advertise lenders or brokers but there is some deals out there.
You have to have a decent credit rating for a true 95% deal

Sunny23_2

Thank you all of your replies.

The main issue we seem to be finding is geographic restrictions and the income multiples being low (around 2x!) which where we are looking wouldn't buy us a 1bed flat. Our credit rating is pretty good as we have always had credit but used sensibly!

The lend a hand etc are great but again out local authority isn't running it and we don't have anyone able to put up £18.5k.

One option is with Bath BS but uses parents as guarantee which although they have said they are willing to do I am not so sure about using?? Any opinions on these types of schemes?

Poor Maria, that sounds good is that a large or small lender? We are speaking to a couple of other brokers this week so they may come up with that option! Otherwise its saving saving saving and hoping the house doesn't sell!