The government’s new scheme to increase the availability of 95% loan to value mortgages is now underway, providing a welcome boost to the market.

This means you can borrow up to 95% of the value of your home, which gives more choices for those with low deposits or low equity.

Importantly, this borrowing will be available to both first-time buyers and home movers. Borrowers must simply meet the lender’s criteria and must not own any other properties.

Products were available with Halifax from day one and Santander introduced their products the following day. With Halifax rates set to start from 3.73%, this is likely to be a welcome boost for the market.

Halifax and Santander will join a growing list of lenders back in the 95% loan to value market, such as:

  • Darlington Building Society
  • Leeds Building Society
  • Coventry Building Society
  • Skipton Building Society
  • Accord

If you are considering buying a home or moving home, get in touch to book a free initial consultation. We will research dozens of providers to find the best deal to suit your circumstances. This won’t happen if you go direct to a lender.

Please contact the office on 01642 477758 or email