Are there any lenders who will lend 95% over £750k?

Posted on 4 November 2013 by Leon


Are there any lenders who will lend 95% over £750k?

Hello, I'm wondering if a 95% LTV mortgage in the £750k-1m range would be available in the current market? My wife and I have a combined salary of approx. £160k, plus bonuses in the 60-80% range. We would be first time buyers with a fairly small deposit, but would be able to pay down the mortgage to below 75% LTV fairly quickly. Thank you.

Leon,

In answer to your query, there are very few lenders who will look at 95% LTV over £500,000. One issue that they tend to have is a concern over why someone who has the income to support a loan of this size, hasn't been able to provide a larger deposit. For this reason, the lenders who look at your type of enquiry, tend to consider 95% above £500,000 on a case by case basis.

It would most definitely be of interest to a lender and a plus point, that you would be able to pay down the loan to 75% quickly and may help them to structure a deal accordingly.

If you'd like to explore your options in more detail, then please let me know, and I'll arrange for one of our consultants to contact you.

Regards,

Simon

simon.collins@johncharcol.co.uk

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