4.5 green stars Rated Excellent 4.8 out of 5 rating
  1. Home
  2. Mortgages
  3. 95 mortgages

95 mortgages

Find a 95% mortgage

We've partnered with Mojo Mortgages to help you get a 95 LTV mortgage with an expert

Get started

  • Fee free, online mortgage advice

  • Our partner is rated 'Excellent' on Trustpilot

  • Mojo compares with over 70 lenders to find the right 95% mortgage deal for you

Confused.com C icon
Our expert panel reviews all content. Learn more about our editorial standards and how we operate.

What are 95% mortgages?

A 95% mortgage is a loan to purchase a property. 5% of the property price is made up of your deposit, and the remaining 95% makes up the mortgage loan.

The 95% is known as the loan-to-value (LTV) ratio. The higher the LTV, the higher the interest rates tend to be.

Most deals are repayment mortgages, which means you repay this loan plus interest over the course of your mortgage term. At the end of the term, you own the property outright.

Lenders normally cap the amount you can borrow at around 4.5 times your annual income.

So, even if you save up a deposit worth 5% of your dream home's price, you still need enough income to borrow the remaining 95%.

95% is usually the maximum LTV you can get for a mortgage. There are a few 100% mortgage (or no-deposit) deals on the market. But these normally require a family member to act as a guarantor or to put up their savings or house equity as a deposit. 

Am I eligible for a 95% mortgage?

Eligibiliy for a 95% mortgage depends on your lender's criteria and your financial situation. Other general factors that could affect your eligibility include:

  • Credit history - a good credit history increases your chances of approval. Lenders check your credit score to assess your reliability in repaying debts.
  • Income and affordability - a stable income and good affordability ratio tells the lender that you can afford the monthly mortgage payments.
  • Property type - some lenders have restrictions on the type of propery they're willing to offer 95% mortgages for, such as new builds.

To know if you're eligible for a 95% mortgage, we recommend speaking to a mortgage broker like Mojo Mortgages. Mojos's expert advisers can evaluate your specific situation and inform you on the liklihood of an approval.

Get a 95% mortgage

Should I wait and save up a bigger deposit?

There are currently 95% LTV mortgage deals in the market, but you may want to consider saving up a larger deposit.

Even if you can save up a bit extra to bring your deposit to 10%, this would give you access to 90% LTV mortgage deals. Which normally come with better interest rates, and there is a greater choice of deals generally.

But if it may take you a long time to save a larger deposit and you'd like to get on the property ladder faster, a 95% mortgage may be a preferable option.

Whether a 95% mortgage is right for you depends on your individual circumstances. Whatever you decide, make sure you're in the financial position to afford a home and the mortgage you apply for.

Advantages and disadvantages of 95% LTV mortgages

Tick

Advantages of 95% LTV mortgages:

  • A 5% deposit is easier to save than a larger deposit
  • They can help you get on the property ladder and start building equity in your own home faster
  • You usually get better deals and rates with a 90% LTV mortgage compared to a 95% mortgage
  • This might allow you to keep some money back, which could be used for home improvements or emergencies
Cross

Disadvantages of 90% LTV mortgages:

  • You normally pay higher interest rates compared to those who put down larger deposits
  • You usually pay far more in interest over the course of your mortgage compared to borrowing less for a lower LTV deal
  • There's a greater risk of negative equity (when your property is worth less than what you owe on your mortgage, which could be happen if house prices fall) compared to lower LTV deals

95% LTV mortgages with Mojo

We've partnered with an expert broker, Mojo Mortgages.

Just answer some questions about your situation and let Mojo's expert advisors guide you to a mortgage tailored to your needs. And the best part of it all is, it’s completely free (yes, really!).

With access to lenders across the whole of the market, Mojo advisors strive to save you money and find your best 95 mortgage.

Get a 95 LTV mortgage

 

Mojo logo

4.8 green stars

4.8 rating based on 7,974 reviews
as of 31/10/2025

Alternatives to 95% mortgages

Mortgages icon

A lower LTV mortgage

This could work if you're able to save up a larger deposit. You may want to open a Lifetime ISA which offers a 25% boost on savings for your first home up to a certain amount. If a family member is able to contribute, they could also gift you part of your deposit to help you get a higher LTV deal.

Home insurance icon

Guarantor mortgages

This is one way you can get a no deposit mortgage. It's a mortgage that's supported financially by another person (as well as the applicant), known as a guarantor.

Mortgage life insurance icon

Offset mortgages

This is where a family member puts up their savings or house equity as a deposit

First time buyers mortgages icon

Shared ownership

This is a government scheme that allows you to buy a share of a home, rather than the whole property. You pay rent on the remaining amount. You can increase your equity share over time until you own it fully.

Mortgages icon

Help to Buy equity loans

Only currently available in Wales and on new build homes. You need to save a 5% deposit and you get a 20% equity loan to boost this.

First time buyers mortgages icon

Right to Buy

Right to Buy may help you to buy your council home at a significant discount from market value. Right to Acquire is a similar scheme for housing association tenants.

What our mortgage expert says

"95% mortgages are a great option for first-time buyers with a smaller deposit, they make getting on the property ladder more achievable. Although it’s important to remember that higher loan-to-value borrowing often comes with slightly higher rates and stricter affordability checks."

Ashlyn Trojnacki - Mortgage expert
Mortgage Expert Confused.com logo

Mojo's customer says:

“A pleasure to deal with. Professional. Efficient. Kept me informed throughout and made the process seamless.”

- Mojo Mortgages customer ()

“Very good experience. My mortgage advisor took his time, listened to what I needed and found the best deals for me. I felt listened to and valued. Kindness and honesty throughout the process.”

- Mojo Mortgages customer ()

Mojo is rated

4.5 green stars

Mojo mortgages have a 4.8 rating based on 7974 reviews
as of 31/10/2025

Tips & guides on 95 mortgages

What are the different mortgage types?

Whether you’re a first-time buyer or know the process well, we’ve got you covered.

Loan to value explained

What is loan-to-value (LTV) and what does it mean for buying a house?

How to make an offer on a house

After what seems like an eternity of searching, you've finally picked the house you want. Now you need to buy it.

Mortgages in principle

Let us take you through what you need to know about a mortgage agreement in principle.

See all mortgage guides

Need more help?

What costs are involved with 95% mortgages?

The main costs involved with a 95% LTV mortgage are:

  • Your deposit - you need a deposit worth 5% of the property value or price (whichever is lower)
  • Interest rate - the higher your initial interest rate, the larger your monthly repayments are, and vice versa
  • Arrangement fee - this is the main fee when getting a mortgage and can vary depending on the deal
  • Legal fees - the cost of a solicitor to sort the legal paperwork may be included as part of the mortgage deal, but it's not always so make sure you check the terms and conditions to find out how much it is
  • Valuation fee - lenders usually want to conduct a property valuation to make sure the amount you're paying for the property matches up, but this fee may also be included as part of a deal
  • Broker fee - some mortgage advisers charge for providing advice, but not all do

It's important to be aware of all the associated costs and fees when comparing mortgages so you can choose a deal to suit your circumstances.

Can I get a 95% mortgage on a new build house?

Lenders usually want a 15% or 20% minimum deposit for a new build property. But there are schemes available that can help you get a new build home with a smaller deposit.

The Deposit Unlock Scheme can help you buy a new build home with a 5% deposit, but you must use one of the participating builders and lenders.

If you're in Wales, you can still get apply for a Help to Buy equity loan. This provides a 20% equity loan to boost your 5% deposit.

And you could consider shared ownership on a new build property, which would mean you could purchase a share of the property and pay rent on the rest (so the deposit amount required would be less).

Can I get a mortgage with less than 5% deposit?

5% deposit is usually the minimum amount accepted by mortgage lenders.

There are a few 100% LTV deals on the market which allow you to get a mortgage with no deposit. But these usually require a family member to act as a guarantor, or put up their own savings or home equity as a deposit.

Skipton Building Society has launched a 100% mortgage deal for those with a strong track record of rental payments, but who are struggling to put away money for a deposit.

Page last reviewed: 31 October 2025

Reviewed by: Ashlyn Trojnacki

YOU SHOULD THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME/PROPERTY. YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. 

The Financial Conduct Authority does not regulate mortgages for commercial or investment buy-to-let properties. 

Confused.com is not a mortgage intermediary and makes introductions to Mojo Mortgages to provide mortgage solutions.

Confused.com and Mojo Mortgages are part of the same group of companies.

Confused.com 2nd Floor, Greyfriars House, Greyfriars Road, Cardiff, CF10 3AL, United Kingdom. Confused.com is a trading name of Inspop.com Limited and is authorised and regulated by the Financial Conduct Authority. FRN 310635

Mojo is a trading style of Life's Great Limited which is registered in England and Wales (06246376). We are authorised and regulated by the Financial Conduct Authority and are on the Financial Services Register (478215). Mojo’s registered office is The Cooperage, 5 Copper Row, London, SE1 2LH.

To contact Mojo by phone, please call 0333 123 0012.

Get a 95% mortgage

Get started