Mortgages for Business is committed to keeping both our staff and clients safe during the COVID-19 outbreak while maintaining the best service possible. Our teams are working from home, but don’t worry, you can still contact us in the usual ways.
To read our comprehensive FAQ guide on how the emergency interest rate reduction and Coronavirus outbreak could affect your mortgage, please click here.
If you want to request a payment holiday, please contact your lender directly. For lender contact details, click here.

Will I be able to get a mortgage with just 5% deposit?

I have saved up a 5% deposit plus a bit extra for stamp duty and mortgage fees. Will this be enough for me to get a mortgage?

Yes probably.

Previously borrowers could get a mortgage with 5% deposit using the government’s Help to Buy Guarantee scheme but this has now ended. However, increasingly  lenders are coming to market with products at 95% loan to value without the need for the borrower to participate in a particular scheme.

Do get in touch if you need some help finding a suitable mortgage on 0345 345 6788.

NB: ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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