95% Mortgages with 5% Deposits
Unbiased 95% mortgages from one of the UK’s leading mortgage brokers.
Are you a home-mover or first-time buyer looking to take advantage of the 95% mortgage with 5% deposit scheme? Get in touch with Fees Free Mortgages today to discover your perfect 95% mortgage deal.
Get a Mortgage with a 5% Deposit
We are a Top Rated 2021 vouchedfor 95% LTV mortgage broker, checked more thoroughly than any other.
vouchedfor Reviews
Martin Bright could not have done anything better, he listened to my needs, acted upon them promptly to get me the best and the right deal.
Martin was a tremendous help with mortgage and life insurance advice. His knowledge and expert advice was a real guiding light throughout the complexities of navigating both these areas for the very first time. We wouldn’t hesitate to recommend him. He is personable, conscientious and everything you could hope for in an advisor.
What is the 95% Mortgage Guarantee Scheme?
The 95% mortgage scheme was launched on the 19th of April 2021 by the government, and will initially run until the 31st of December 2022. As a result, the government will partially guarantee the mortgage, specifically the amount over 80%. With a 5% deposit mortgage, this means that the government guarantees 15% of the value of the mortgage. In the event the homeowner defaults on their mortgage repayments, the government will compensate the lender this amount.
By shouldering some of the risk, the government is encouraging lenders to offer 95% mortgages with a 5% deposit. These smaller deposits can be saved up for quicker than traditional 10% or 20% deposits, which means that you can be settling into your new dream home sooner, rather than later.
Discover how Fees Free Mortgages can help you find the perfect 95% mortgage with a 5% deposit scheme to help you to get on the housing ladder, or help you take the next step.
How the 95% Mortgage Scheme with a 5% Deposit Works
The 95% mortgage guarantee scheme has been designed to help enable prospective home-buyers to purchase either an existing property or a new build with a 5% house deposit. As we’ve touched on, the government will guarantee up to 15% of the LTV (loan to value) mortgage. As a result, the risk to lenders is reduced, which helps them accept a 5% mortgage deposit. Additionally, home-buyers will also have the option to fix their 95% mortgage repayment rate for the first five years.
A leading 95% mortgage broker with a professional, transparent and genuine approach
If a 95% mortgage with a 5% deposit is the option for you, get in touch with our 95% mortgage advisors. We will consider your situation alongside available deals before offering unbiased advice about which mortgage deal is best for you.
Get a 95% Mortgage in 5 Easy Steps
The team at Fees Free Mortgages understands the importance of finding the right 95% LTV mortgage for you. As a result, we work on a commission-free basis and aren’t tied to any one lender. Our brokers and advisors are motivated by your needs and ambitions – meaning we’ll find the most suitable deal for you.
95% Mortgages with 5% Deposits – Our Tailored Approach
Take the next step in your property adventure with the help of our 95% mortgage experts. Whether you are looking to take your first step on to the property ladder with a 5% deposit mortgage for first-time buyers, or you are an experienced home mover looking for a 95% LTV mortgage for your next move, Fees Free Mortgages will find the best deal for you.
Fees Free Mortgages understand that your situation is unique – that’s why our advisors work to tailor our 95% mortgage services to your exact requirements. Click the button below to get in touch with our friendly 95% mortgage advisors, who’ll keep you in the loop whilst finishing the ‘fact-finding’ and research process.
Why Fees Free Mortgages?
We’ll find the best 95% mortgage deal that suits you and give you expert financial advice while taking care of your whole mortgage application. Best of all, we’re FEES FREE! Putting the Free in Fees Free Mortgages.
Fees
Free
No mortgage broker fees – Many firms charge upfront fees, or fees on completion.
Personal
Service
No call centres and only 2 points of contact (Mortgage Broker & Case Manager)
Unbiased
Advice
We review the whole of the market, giving unbiased and independent mortgage advice.
Regulated &
Accountable
We are directly authorised by the FCA and fully accountable for the mortgage advice we give.
Free
Advice
Free financial advice, including; mortgage, life insurance & protection.
Ongoing
Contact
We handle all the hard work and keep you updated until your mortgage completes.
We’re Not Just a 95% Mortgage Broker…
We love providing whole of market mortgage advice across the UK and believe that any interaction with us will be a positive experience because we do our best to help you achieve all your mortgage goals!
First Time
Buyers
We love helping you get on to the property ladder. We’ll oversee your first purchase from start to finish!
Buy-to-Let
Looking to jump-start your investments with a buy-to-let mortgage? We will find you the best deal!
Remortgages
.
We’ll review your options with your existing lender and compare them against the market for you.
95% Mortgages
Whether you’re an experienced mover, or a first-time buyer, take advantage of the 95% mortgage guarantee scheme today!
95% Mortgages with 5% Deposits (FAQs)
Find out about 5% Deposit Mortgages Today
Looking to get a 95% mortgage with a 5% deposit? Get in touch with Fees Free Mortgages today. The top 95% mortgage broker in Essex & Suffolk.
WHOLE OF MARKET MORTGAGE BROKER ESSEX & SUFFOLK