95% LTV mortgages increase in number and reduce in price.
There is good news for first time buyers and small deposit home-movers, as there are now significantly more 95% LTV mortgages on offer.
The Yorkshire BS Group which includes Yorkshire, Chelsea, Norwich & Peterborough and Barnsley building societies has added to its range of 2 and 5 year fixed rate 95% LTV mortgages.
These recent additions by the group of lenders has increased 5% deposit mortgage availability by over 50%.
The Yorkshire now offers the widest choice of 95% LTV deals of any lender UK wide. The 5% deposit mortgages on offer include fee free mortgages, offset deals and cashback incentives, none of which require the applicant to sign up to the Help to Buy scheme.
The range offers competitive rates for low deposits, which means home-ownership is achievable without either parental or government help.
For example a 2 year fixed rate deal is on offer from the Yorkshire Group at 4.89%. This mortgage is offered fee free with cashback at a low rate which rivals Help to Buy mortgages on offer. A lower rate 2 year fix is also on offer at 4.69%, however this deal comes with a £845 fee.
There are currently many more deals available with competitive rates for smaller deposit buyers. If you are looking for a 95% LTV mortgage you are recommended to call Deal Direct for a market-wide mortgage comparison.
Deal Direct advisers are here to take your call on 0800 048 8828, they will review your circumstances before making a 'whole of market' search to find you the very best mortgage tailored to your needs.
Call for impartial advice and a low rate quote today.
0800 048 8828
