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What is a 95% Mortgage?

Tags: mortgage

A 95% Mortgage is as simple as the name would suggest; you are borrowing against 95% of the price of a property, and then you are covering the remaining 5% with your deposit. An example of this is if you looked at buying a property that was worth £150,000 with a 95% mortgage, you would be putting down £7,500 as your deposit and borrow the […]

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

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What is a 95% Mortgage?

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