ZERO 95% mortgages available for me?? :(

kingstreet

Still 17 lenders.

Two offer 95%, but only with the family guarantee/security.

Two are NewBuy.

Nationwide's save to buy has not been included in the 17.

Thirteen are various building societies dotted all over the country, some with lending restricted to their particular area.

The OP should have a look at lenders local to him and his purchase.

Morgage_Confused

Just go here m8......plug in the details and see whats available.

https://compare.moneyadviceservice.org.uk/mortgages/Step1

Building_Surveyor

You and your partner have a combined income of £50k per annum and have stated have no financial debts I.e loans, credit cards... Are you not in a position to save more?

Would also check your credit reports first before getting your hopes up on a 95% mortgage which your not guaranteed to get, if you haven't done that already.

dragonlily

Check out Newcastle Building Society

macman

adamck wrote: »

I have more than £8500 but not for a deposit, the rest is for fee's surveys etc...

I have around £11k in total saved.

I have great credit, have rented a house for the previous 4+ years and all bills came out my account as direct debits etc... never missed a payment.
Ive had overdrafts and things paid off, ive had finance which has been paid back etc...
I also signed up with experian a while back which confirmed i had good credit. So that isnt an issue.

My upset is that i keep seeing people refer to 95% mortgages for older homes, yet they just don't exist!

kingstreet above mentioned 17 lenders with 95% LTV for FTB on older buildings. Yet none of them will lend to me based on their websites.
Not due to credit issues, just based on my deposit being < 10%...

Have you factored in all the fees that you'll be paying on top of the purchase price? Stamp duty for example will take another £1,540 out of that £11K.
Your outgoings will soar once you own your own property, so you don't want to be starting out having completely wiped out your savings.