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Correct at 31/03/2021

Apply for a 95% mortgage with L&C

If you’re looking for a 95% mortgage, L&C can help you find the best deal to suit your needs.

You can search for 95% mortgages using our online Mortgage Finder tool, which will help narrow down the options available to you. Once you’ve spoken to one of our mortgage experts and we’ve recommended the best deal for you, you can either apply online or over the phone.

We’ll continue to be on hand to help you through the mortgage process and provide you with all the support you need from start to finish.

Get in touch today and see how L&C can help you find the right 95% mortgage for you.

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Finding the best 95% mortgage deal

When you take out a 95% mortgage, you’ll put down a deposit of 5% and borrow the remaining 95% of the property value. These are often described as being ‘95% Loan to Value’ (LTV) deals. Loan to Value is a term used to express the percentage of the mortgage in relation to the property value.

Some lenders only offer this type of deal to first time buyers, who may also be eligible for the Government’s Help to Buy scheme, designed to help those with small deposits. Find out more about in our guide on Help to Buy.

It’s worth noting that if you can afford to put down a bigger deposit, you may be able to take out a 90% mortgage and will have access to a wider range of mortgage deals at lower rates.

If you’re not sure which deals you might be eligible for, or would like more information on the various options available to you, contact us today to speak to an expert adviser.

95% mortgage FAQs

Can first time buyers get a 95% mortgage?

Yes, 95% mortgages are ideal for first time buyers who can often only afford to put down a small deposit. Find out more in our Guide to 90% and 95% mortgages.

How hard is it to get a 95% mortgage?

Provided you have a good credit record and can prove to lenders that you’re able to afford your mortgage payments both now and if interest rates rise in future, it should be possible to get a 95% mortgage.

Are 95% mortgages a good idea?

Often a 95% mortgage is the only way many first time buyers can get onto the property ladder. It’s important to remember though that if you can afford to put down a bigger deposit, you’ll have a broader range of mortgage deals to choose from at lower rates.