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95% Residential fixed for 5 years (minimum loan £250,000)

Our 95% residential product is available for applicants who only want to put down a 5% deposit. We offer a flexible approach to mortgage criteria with manual underwriting. We also offer a Joint Borrower Sole Proprietor option, which may be useful if affordability is tight as we would take into account the parent’s income when assessing the mortgage application, without them becoming a legal owner of the property.

A 95% loan to value (LTV) mortgage allows you to borrow up to 95% of your property value or the purchase price, whichever is lower – this means that you only need to contribute a minimum 5% deposit.

95% mortgages are only available on our residential product range if you’re purchasing a property with a loan size of up to £500,000. The maximum amount we will lend will depend on your individual financial situation and other circumstances.

We will purchase additional security in the form of an insurance policy which protects us and not you in the event that we suffer a loss on the possession and sale of the property. The premium for this policy is included in the rate we charge for the mortgage.


The mortgage listed below moves on to our Standard Variable Rate, 5.45% (variable), after the initial rate period. Our standard variable rate is changing to 5.60% on 1st June 2022.

rate i
Overall cost for
comparison i
Max %
type i
3.74%5.0% APRC95%Repayment only
See example

Representative example: A mortgage of £275,000.00 taken out for a period of 30 years on a repayment basis.
Monthly instalments: £1,273.93 per month for 59 months, followed by £1,521.35 per month for 300 months.
Total amount payable: £533,005.87.
Total amount of credit: £275,000.00.
The total amount payable includes valuation fee £340, product fee £999 and closing fee £100.
The overall cost for comparison is 5.0% representative APRC.
This example is based on our 95% residential fixed for 5 years (minimum loan £250,000) product. This example is based on our current Standard Variable Rate of 5.45%, with fees not added to the mortgage. Our Standard Variable Rate is changing to 5.60% on 1st June 2022

Please ask for a personalised illustration for your own particular requirements.

Affordability calculator

Find out how much your client can borrow with our affordability calculators.

  • Key features
    • Availability – Purchase up to 95% Loan To Value (LTV). Minimum deposit of 5% required.  LTV for new build is restricted to 90% for houses and 85% for flats.
    • Flexibility – Overpayments up to 20% of the capital balance as at 1st January are allowed in each calendar year without penalty.
    • Portable.
  • Early repayment

    If you repay your mortgage early, or make an overpayment, you may have to pay an early repayment charge.

    For full repayment, you will pay 3% of the outstanding balance in years 1, 2, 3 & 4; 2% in year 5, plus a Closing Administration Fee (currently £100).

    For overpayments, you will pay 3% on any amount exceeding your 20% limit in year 1, 2, 3 & 4, 2% in year 5.

  • Product fees
  • Lending criteria

    Residential Lending Criteria and Information

    Loan:Size: Minimum £250,000  Maximum £500,000
    Term: Minimum 5 years, Maximum 40 years.
    Property:Must be in England, Wales or mainland Scotland. We are unable to offer a Right To Buy mortgage in mainland Scotland.
    Applicant:Age: Minimum 18, maximum is 85, subject to income in retirement.
    Income:No minimum period of employment, but must have passed probation, or have 3 years self employment history.

    The amount we will lend will depend on the value of the property and a calculation based on income and expenditure. As a guide, we will take gross annual income and then apply a deduction for the annual amount paid towards any existing debts or other financial commitments. We apply the following multipliers to the amount remaining:

    Income After DeductionsSole BorrowerJoint Borrowers
    Over £50,0014.5x4.5x

    These multiples are for guidance only and do not guarantee that we will lend the amount indicated. We will carry out a full assessment of your income and expenditure to ensure that you can afford your mortgage both now and in the future.

    Underwriting:We take a flexible approach to underwriting and will consider each case on its merits. We do not credit score. The actual rate and APRC for your case will depend on your circumstances and our assessment of the risk.
  • Proc fee

    We will pay a gross procuration fee of 0.35% on all introduced business. The fee is usually paid within five working days following completion. Procuration Fees may vary for our recognised Clubs & Packagers.

  • Useful stuff

    Mortgage Insurance

    Tariff of Mortgage Fees

    Mortgage Conditions

How to apply

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This section is for use by professional Intermediaries only. If you are a customer please visit our Mortgage section.