[x close]
Mortgages

95% Mortgages.

Helping you to buy your new home.

back to top
{{mortgageListing.mortgages.length | displayMortgageCount}}

Please enter a borrower type.

Please enter a property value.

Please enter a depositmortgage outstanding amount.

Please enter a term.

Your property value must be greater than your depositmortgage outstanding amount.

You have asked to borrow {{mortgageListing.customer.loan | currency:'£': 0}}. The minimum amount we will lend is £25,001. Please adjust your property value or depositmortgage outstanding amount.

You have asked to borrow {{mortgageListing.customer.loan | currency:'£': 0}}. The maxmimum amount we will lend is £5,000,000. Please adjust your property value or depositmortgage outstanding amount.

Your deposit must be at least 5% of your property value

{{mortgageListing.mortgages.length | displayMortgageCount}}

{{product['Term']}} year {{product['Rate 1 Type'] | uncapitaliseFirstLetter:product}} {{product['Category'] | uncapitaliseFirstLetter:product}} - {{product['Max LTV']}}% LTV

({{product['New Code']}})
Interest rate
{{product['Interest Rate 1']}}variable (BoE Base rate + {{product['Rate 1 BOE loading']}})variable (YBS Standard Variable Rate {{product['Rate 1 BOE loading']}})fixed until {{product['Rate 1 End Date']}}.
Overall cost for comparison{{product.APRC}} APRC
Product fee{{product['Comp Fee'] | currency:'£': 0}}
Estimated monthly payment{{product['estimatedMonthlyPayment'] | currency:'£': 0}}
Additional features
  • Free valuation
  • Free legals
  • {{product['Cashback'] | currency:'£': 0}} cashback
Early Repayment Charges apply and other fees and charges may apply.

Compare up to 3 mortgages

  • {{product['Term']}} year {{product['Rate 1 Type'] | uncapitaliseFirstLetter:product}} {{product['Category'] | uncapitaliseFirstLetter:product}} - {{product['Max LTV']}}% LTV ({{product['New Code']}})
  • Select another mortgage to compare
  •  

What are 95% mortgages?

Put simply, a 95% mortgage allows you to borrow up to 95% of the value of the property you want to purchase, which is really useful if you are buying your first home. 95% is the Loan-to-Value of the mortgage you would need.


Total value of property£150,000

How does it work?

5% deposit.

(5% of the property value)
£7,500

The amount being borrowed.

(95% of the property value)
£142,500

Is it right for me?

Many first time buyers are tempted by 95% mortgages, mainly due to the fact that the deposit is smaller, although our 95% mortgages are also available to home movers.

You could borrow between £50,000 and £500,000 (subject to lending criteria), but it's worth considering that your mortgage repayments on a 95% mortgage may be larger than on a mortgage with a lower loan-to-value. You also should consider other mortgage costs such as product fees, which can cost up to £995, depending on the mortgage deal you choose.

At Yorkshire Building Society, we base the amount we can lend to you on your income, including:

  • Your basic salary
  • Other sources of income (like bonuses or overtime)
  • Any financial commitments (regular outgoings like credit card or loan payments, school fees etc.)

How to apply for a 95% mortgage

  • Work out how much you could borrow with our borrowing calculator
  • Read our lending criteria guide for useful information to help your application go as smoothly as possible.
  • Get a lending decision online in just 10 minutes. We’ll be able to tell you if we can lend to you, and if so how much.
  • When you’re ready and have found the right mortgage deal, complete your mortgage application. If you feel you need advice on your application, you can speak to a friendly mortgage advisor in branch or over the phone - just give them your application number from your online lending decision.  Alternatively you can continue with your application online without receiving advice.

How much deposit do I need?

You can use our simple 5% deposit calculator below to get an idea of how much you would need to pay:

Tell us the estimated cost of your ideal home:

>

So you'll need:

£ - - - - -

Other mortgage calculators

How much will it cost?

If you want a quick estimate of how much your mortgage repayments might be, then you can use our repayment calculator to work this out.

 

How much can I borrow?

To find out how much we may be able to lend to you, our borrowing calculator is also available:

 

Important information

  • A non-refundable mortgage application processing fee of £130 is payable upfront.
  • If you repay your mortgage in full during the fixed rate period then early repayment charges will also apply.
  • Other fees & charges will also apply.

Need help with mortgage definitions?

If you are unclear what something means, our
Mortgage glossary can help.