A 95 percent mortgage means, simply, that you have borrowed 95% of the value of the house you are buying. This type of mortgage is especially common with first-time buyers
High-percentage mortgages are not as likely to be subjected to extra lending charges as they once were. Though some lenders do still use Higher Lending Charges (or HLCs) for mortgages over 95%, many do not. Think carefully before agreeing to a mortgage with an HLC as they are an additional cost, and many no longer have them. The are very few brokers that accept 95% mortgage applications at the moment
Just as you need to shop around for the right property, you need to find the right mortgage. This site helps you do just that - simply fill in the three-stage form above to compare dozens of great deals