Representative Example:Mortgage of £120,000 on property valued at £200,000 over term of 25 years.Rate fixed for 2 years after which reverts to Post Office variable rate of 4.24%.
Representative Example:Mortgage of £120,000 on property valued at £200,000 over term of 25 years. Rate fixed for 2 years after which reverts to Yorkshire Bank variable rate of 4.70%.
Compare help to buy mortgages? - The Government Help to Buy Scheme aims to help first time buyers or home movers with a low deposit. You only need to put down a deposit of 5% and the Government will help to boost this - use our mortgage tables below to see a selection of market leading mortgage deals.
To investigate your mortgage options call our independent mortgage adviser team on 0117 313 7780 or fill in our call back form.
Whether you are trying to buy your very first home, remortgage or move you may be wondering what being able to put down a 5% deposit will be able to get you. While it can be possible to secure mortgages with smaller deposits, a 5% deposit of the property value will increase is generally the industry minimum required. There is a selection of mortgages with Loan to Values of 95% on the market so it is worth shopping around thoroughly before hand to try and find the best product for your specific circumstances.
The Loan to Value (LTV) of a mortgage is the amount borrowed compared to the size of the deposit put down, meaning a mortgage with a 5% deposit will have a LTV of 95%, although having a larger deposit will increase the amount of products available to you as well as decrease the rate of interest you pay on the loan.
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