95% LTV mortgage availability doubles in one year

The number of mortgage products at 95% LTV has more than doubled over the past year, from just 27 to 61 today, according to figures from Moneyfacts.

Deals with a maximum LTV of 90% have also increased to 316 today compared to 228 this time last year, an increase of 43%.

A spokeswoman for Moneyfacts, says: “Over the past couple of years we have seen the high LTV mortgage market stage something of a comeback, mainly due to high demand from borrowers with limited deposits.

“The first-time buyer market is often considered to be the life-blood of the housing market and mortgage lenders recognise this. Risk is still a major factor, however, and the majority of mortgages with high LTVs require the financial backing from a third party, such as a guarantor, as well as strict credit checks and lending criteria.”


Date Deals with 95% LTV Deals with 90% LTV
Today 61 316
April 2011 27 228
April 2010 13 140
Source: Moneyfacts.co.uk 16.4.12