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What is a 95% Mortgage?

95% mortgages are exactly what you might imagine, where you are borrowing against 95% of the Property price, and then the remaining 5% is paid with your deposit. To demonstrate an example of this, let’s say you wanted to buy a property that was worth £150,000 with a 95% Mortgage. For this, your minimum deposit would be £7,500 and you would borrow the […]

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This post first appeared on Nottinghammoneyman - Mortgage Broker, please read the originial post: here

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What is a 95% Mortgage?

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