85% Mortgages : Compare 1000's of Quotes
Securing mortgages with a high loan to value (LTV) has become much more difficult since the credit crunch, and such deals often don’t appear on mortgage comparison lists since their availability can depend on a range of criteria that differs from lender to lender
A 85% mortgage means, simply, that you have borrowed 90% of the value of the house you are buying, and that you have put down the remaining 10% of the value as a deposit. This type of mortgage is especially common with first-time buyers, as many simply have not been alive long enough to have savings greater than 15% of the house they want to purchase.
High-percentage mortgages are not as likely to be subjected to extra lending charges as they once were. Though some lenders do still use Higher Lending Charges (or HLCs) for 85% mortgages, many do not. Think carefully before agreeing to a mortgage with an HLC as they are an additional cost, and many no longer have them.
Just as you need to shop around for the right property, you need to find the right mortgage. This site helps you do just that - simply fill in the three-stage form above to compare dozens of great deals