95% LTV mortgages - 5% deposit mortgages - 2021

ukri

100% there will be 2 year fixes in the mix. Just wait and watch. It will be too lucrative not to cover that base considering the demand.

johndoe67812

 I’m waiting with anticipation to see what the interest rates will be for 95% and 90% mortgages. I hope no more than 3%. I think the biggest challenge will be the overall mortgage amount and not the deposit.

[Deleted User]

johndoe67812 said:

 I’m waiting with anticipation to see what the interest rates will be for 95% and 90% mortgages. I hope no more than 3%. I think the biggest challenge will be the overall mortgage amount and not the deposit.

90% is currently around 3.3% and 95% is coming in at judy above 4%

K_S

johndoe67812 said:

 I’m waiting with anticipation to see what the interest rates will be for 95% and 90% mortgages. I hope no more than 3%. I think the biggest challenge will be the overall mortgage amount and not the deposit.

@johndoes67812 I doubt that would be the case tbh, at least in the initial months. The few 95% products that have been released are coming in at around 4% so while you *may* have some HSBC type high-fee gimmick rates I doubt they'd go all the way down to 3%.

Having said that, there hasn't been a product released yet under the govt. mortgage guarantee scheme so there's that to wait for.

RelievedSheff

johndoe67812 said:

 I’m waiting with anticipation to see what the interest rates will be for 95% and 90% mortgages. I hope no more than 3%. I think the biggest challenge will be the overall mortgage amount and not the deposit.

85% LTV mortgages are only just coming under 3% so it is very unlikely that 90-95% will be around that figure. The few 95% products that have appeared so far are around the 4% mark.

Mahsroh

RelievedSheff said:

johndoe67812 said:

 I’m waiting with anticipation to see what the interest rates will be for 95% and 90% mortgages. I hope no more than 3%. I think the biggest challenge will be the overall mortgage amount and not the deposit.

85% LTV mortgages are only just coming under 3% so it is very unlikely that 90-95% will be around that figure. The few 95% products that have appeared so far are around the 4% mark.

I looked at the products available via the broker who I used for my last remortgage yesterday and they were showing a few 90% deals at around 3%, they probably had 20 products at 3.2% or below, but certainly not as many as there were say 18months ago.

Can't see many 95% products coming in much lower than 4% though personally, but you never know.  

K_S

The first 'adverse' lender dipping their toes back at 95% LTV. And the first 2-year fix.

Aldermore -

• 2-year fix at 5.08%, £999 product fee
  
• 5-year fix at 5.28%, £999 product fee
• Purchase only, available to FTBs and homemovers.
• It *looks* like it's available for new-builds but I'm not sure if that info is correct.
  
• Limited time only.

ukri

That’s a surprise. Bad credit mortgages at 95% LTV! 

LMJ10

K_S said:

The first 'adverse' lender dipping their toes back at 95% LTV. And the first 2-year fix.

Aldermore -

• 2-year fix at 5.08%, £999 product fee
  
• 5-year fix at 5.28%, £999 product fee
• Purchase only, available to FTBs and homemovers.
• It *looks* like it's available for new-builds but I'm not sure if that info is correct.
  
• Limited time only.

Do you know what criteria is for defaults for Aldermore?, 1 that’s causing me hassle
is a 2018 June one, as it’s not 3 years yet. 

K_S

LMJ10 said:

K_S said:

The first 'adverse' lender dipping their toes back at 95% LTV. And the first 2-year fix.

Aldermore -

• 2-year fix at 5.08%, £999 product fee
  
• 5-year fix at 5.28%, £999 product fee
• Purchase only, available to FTBs and homemovers.
• It *looks* like it's available for new-builds but I'm not sure if that info is correct.
  
• Limited time only.

Do you know what criteria is for defaults for Aldermore?, 1 that’s causing me hassle
is a 2018 June one, as it’s not 3 years yet. 

@lmj10 Their published criteria for the high LTV range is max one settled default between 13-36 months old for no more than £500. They lways do a very thorough job, so at 95% LTV you can expect them to go through your case with a fine toothcomb.