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95% mortgages in Newcastle are mortgage products that allow both first time buyers and current homeowners to secure a property with just a 5% deposit, with the remaining 95% funded by the mortgage lender.
Ideal for first time buyers who might struggle to save a standard 10% deposit, a 95% mortgage offers a more accessible path to homeownership.
For example, if you’re buying a £200k property, with a 5% deposit of £10k, you can then apply for a 95% mortgage of £190k to cover the rest of the purchase price.
Yes, it is possible to get a 95% mortgage in Newcastle, making it easier for buyers with a smaller deposit to get on the property ladder.
Typically available to first time buyers and home movers, this type of mortgage allows you to borrow up to 95% of the property’s value.
As a mortgage broker in Newcastle, we can guide you through the available options and help you find the right lender for your needs.
The process of securing a 95% mortgage in Newcastle involves providing a 5% deposit while borrowing the remaining 95% of the property’s value.
Available to first time buyers and home movers, this type of mortgage is designed to help those with limited savings.
You’ll typically start by speaking with a mortgage advisor in Newcastle, who will assess your affordability and credit profile. We will then help you find the best deal from a panel of lenders, guiding you through each step, from the initial application to completion.
Most commonly, 95% mortgages in Newcastle are available to first time buyers and home movers.
Lenders will typically assess your income, credit history, and affordability before offering this type of mortgage.
Speaking with one of our mortgage advisors in Newcastle can help you understand if you meet the eligibility criteria and which deals are available to you.
Yes, lenders will require you to pass affordability checks and meet specific credit criteria.
You must be able to provide a 5% deposit and demonstrate financial stability.
A mortgage broker in Newcastle can help ensure your application is well-prepared, increasing your chances of approval and securing the best rate for your circumstances.
While it can be more challenging, some lenders may still offer 95% mortgages in Newcastle to applicants with bad credit.
You might be required to show a stronger financial history or provide additional documentation.
Our team of mortgage advisors in Newcastle specialises in helping those with less-than-perfect credit, guiding you through the process.
Typically, lenders will approve 95% mortgages for standard residential properties.
New builds and flats may come with stricter requirements or lower loan-to-value limits.
A mortgage advisor in Newcastle can help you identify which properties are eligible and match you with a lender that meets your specific needs.
One of the main risks of a 95% mortgage is negative equity, which can occur if property prices fall.
This means the value of your home might be less than the outstanding mortgage balance.
It’s important to seek expert mortgage advice in Newcastle to fully understand the risks and ensure that a 95% mortgage is the right choice for your long-term financial plans.
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5.00 Rating17 Reviews
Jill
Excellent customer service - highly recommend
7 months ago
Paul
Professional service that was friendly and problem free - could not be faulted and is highly recommended for later life financial services.
1 year ago
Sikandar
Matt has been amazing. He not only found me the cheapest mortgage but also made sure that the offer is secured quickly. He remained in close contact advising me at every step of the process. He also helped me in negotiations with the vendor’s...
1 year ago
Anonymous
Helped us to find a reasonable deal but also requested a better one when the lender reduced their rates
1 year ago
Steven
Fantastic service and had our mortgage approved within a week of our first call! Chris and Jo were a pleasure to deal with and available to chat at a moment's notice, even at weekends. The process was incredibly smooth and any recommended parties...
1 year ago
Grace
Matt gave us really good advise, which helped to give us the confidence to proceed with purchasing our first home. Once we had an offer in we were quickly shown the best mortgages to apply for, life insurance/critical illness insurance, and we were...
2 years ago
Lois
Brilliant service as always. Thank you guys 🙏 🏡
2 years ago
Anonymous
Both Jason and Chole were very helpful in helping me and my partner secure a mortgage despite having trouble getting one in the past.
3 years ago
Michael
Great response and very friendly service. Very helpful.
3 years ago
Jacqueline
My experience with this company has been great and I highly recommend them. From the initial stages through to getting the offer, everyone I spoke with was informative, professional and friendly. Tom and Jonathan really helped with the initial...
3 years ago
Sunna
I have spoke to Arron today, I have received excellent customer service. He listened me carefully and answered all my questions promptly!! Good adviser.
3 years ago
Lydia
Amazing! UK moneyman were there every step of the way. Making sure I understood everything and taking the stress out of buying your first house. They were very responsive to emails, calls and gave excellent customer service. 10/10 could not fault...
3 years ago
Kevin
All staff, very efficient,communication excellent and found us a great deal on our mortgage as my credit rating wasn’t great.Thankyou very much Leo and Newcastle moneyman.
5 years ago
david
Being self employed it was hard to get a mortgage!but thanks to Newcastle money man I’ve got one !!!thanks again would definitely recommend them!👍
5 years ago
Harley
Professional service from start to finish. Very helpful with all of the questions I was throwing at them also. Would recommend 100% and we feel we for the prefect product mortgage for us. Thank you guys!
5 years ago
Darla
Great advice from start to finish. I had only dealt with a Broker via Estate Agents before so it was a little different to do everything over the phone but much better really because I was able to speak to someone late into the evening after I had...
5 years ago
Darla
we just used this mortgage brokers for a mortgage on our new house. right from the initial phone call, the service received was very swift and carried out by professional yet very caring people. they made sure that every detail was done to the...
5 years ago
Book your free mortgage appointment with one of our expert mortgage advisors in Newcastle, available 7 days a week.
We’ll assess your financial situation and guide you towards the best 95% mortgage options that suit your needs.
As a mortgage broker in Newcastle, we have access to 1000s of mortgage products from a wide range of lenders.
This ensures that you can find the most competitive deals, including 95% mortgages, tailored to your circumstances.
Once you’ve chosen the right mortgage, we’ll handle your application from start to finish.
Our mortgage advisors will keep you informed throughout the process, making sure everything runs smoothly for a quick and stress-free experience.
On completion day, the funds are transferred, and you’ll officially own your new home.
Your mortgage advisor in Newcastle will be with you every step of the way, ensuring everything is finalised without hassle.
We offer a free mortgage appointment in Newcastle, allowing you to explore your options with no upfront cost.
Our mortgage advisors in Newcastle are here to help you find the best 95% mortgage deals available.
With access to 1000s of mortgage products from a wide range of lenders, we can tailor our search to meet your unique needs.
Whether you’re a first time buyer or moving home, we’ll find the right 95% mortgage for you.
Our personalised service ensures that every step of your mortgage journey is stress-free.
From initial advice to completion, our dedicated team of mortgage advisors in Newcastle is committed to helping you achieve your homeownership goals.
We understand how busy life can get, which is why our mortgage advisors are available 7 days a week.
This flexibility allows you to book an appointment at a time that works best for you, ensuring you get the advice you need when you need it.
The Mortgage Guarantee Scheme allows buyers to secure a mortgage with just a 5% deposit, making it easier to access 95% mortgages in Newcastle.
The scheme provides lenders with a government-backed guarantee, encouraging them to offer low-deposit mortgages, making it an attractive option for first time buyers and home movers.
Working with a mortgage broker in Newcastle can help you explore the best deals available under this scheme.
With a 95% mortgage, you will need a deposit that equals 5% of the property’s value.
This makes it an appealing option for those looking to buy a home in Newcastle without needing a large amount of savings upfront.
Interest rates for 95% mortgages in Newcastle may be slightly higher than those with larger deposits, as the lender is taking on more risk.
However, working with a mortgage broker in Newcastle gives you access to a wide range of lenders, helping you find the most competitive rates available.
The timeframe for getting a 95% mortgage in Newcastle can vary depending on the lender and your individual circumstances.
On average, the process can take a few weeks, but our team of mortgage brokers in Newcastle will work to make your application as smooth and timely as possible.
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Newcastlemoneyman.com & Newcastlemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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Newcastlemoneyman.com & Newcastlemoneyman are trading styles of UK Moneyman Limited, which is authorised and regulated by the Financial Conduct Authority.
UK Moneyman Limited is Registered in England, No. 6789312 | Registered Address: 10 Consort Court, Hull, HU9 1PU.
Authorised and Regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No. 627742 at www.register.fca.org.uk
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