More information about buying your own home with a 5% deposit

95% mortgages

What is a 95% mortgage?

  • A 95% mortgage, also known as a 95% loan-to-value (LTV) mortgage, is a mortgage to purchase a property with a small deposit (at least 5% but less than 10% deposit of the purchase price). 
  • Your deposit is the amount of money that you need to put into the mortgage to make up 100% of the final purchase price.

NatWest are now offering 91-95% LTV mortgages

Am I eligible to apply for a 95% mortgage?

This mortgage is available to first time buyers or home movers. Along with the normal mortgage checks, to be eligible, the mortgage must be;

  • for a property valued no more than £600,000
  • on a property not classed as a new build property
  • a loan-to-value (LTV) of between 91% and 95%
  • a deposit between 5-9%
  • a residential mortgage (i.e. not a buy-to-let property)
  • a repayment mortgage and not an interest-only mortgage
  • taken out by an individual or individuals, not a business.

How to apply for a 5% deposit mortgage

Call us now on: 0800 096 9527

Opening hours: Mon-Fri 8am-6pm, Sat 9am-4pm, Sun Closed. Excluding public holidays.

Relay UK: 18001 0800 096 9527

What is the maximum LTV currently offered?

  • Currently NatWest offers a maximum LTV of 95% for a mortgage
  • To get a 95% LTV mortgage, you would need to have a mortgage deposit of at least 5% of the agreed purchase price of the house you wish to buy

With the deposit you have, find out how much you could borrow, what house prices you could afford and what your monthly mortgage payments could be with our mortgage calculator.

What does 'LTV' mean?

It means 'loan-to-value' and is the percentage of the property's value that's being covered by the mortgage. You may see 95% mortgages described as '95% LTV'. 

If your mortgage is £200,000, and your property is valued at £250,000, your LTV is 80%. 

LTV is a percentage figure that reflects the amount of your property that is mortgaged. The remaining amount is yours and is usually referred to as your equity.

Already own a property and want to work out the equity that you own?

What mortgage options are available?

Already have a deposit saved and want to know which houses you could afford?

Use our mortgage calculator and find out:

  • How much we may be able to lend to you
  • What mortgage rates we can offer
  • How much your monthly payments might be

Buying your first home?

It can be daunting when you are looking to buy your first home. There are lots of things to think about and consider.

Why not take a look at our first time buyer guide to help get you on the path to buying your own home. 

Are 95% mortgages only for first time buyers?

Something else we can help you with?