Can anyone get a 95% LTV mortgage?

Unfortunately because of the perceived high risk of having a deposit this small lenders then put in additional criteria and conditions that you have to satisfy in order to be able to take out this type of mortgage.

What is a 2-year fixed rate remortgage?

When you are choosing the right remortgage for your needs, a fixed interest rate can be a big help. There are several different periods of fixed rate mortgage, each with its own pros and cons. The advantage for the 2-year fixed rate is that payments tend to be lower than for other, longer fixed rate mortgages, and you still have the opportunity to keep the mortgage at the same level for the first two years. Since this is often the period when money is tight, you can get a significant advantage by holding money back for two years.

What first time buyer mortgage options are available

There are a number of reasons why first time buyers struggle to get a mortgage. The main one is that as a first time buyer you will probably have a smaller size of deposit to put towards buying your new property than those already on the housing ladder because of the high costs of renting. First time buyers will also generally be on lower incomes than those already on the ladder and so can find it difficult to meet the lending criteria that is stipulated by many lenders.

Help to Buy schemes

f you are struggling to get a mortgage on your own you may find that you qualify for a help to buy scheme. These schemes are for people who only have a small deposit, and in some cases they are specifically for people buying new houses. These schemes can provide you with either a guarantee from the government for part of your mortgage, or an equity loan to act as part of your deposit, both of which provide you with additional backing, and therefore presenting a lower risk to a lender making it easier for you to get a mortgage.

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