95% remortgage deals
Published 8th February 2018
Currently, 95% remortgages are few and far between. With the announcement of the government’s help to buy 2 scheme, borrowers are now able to purchase property at 95% with their backing, but remortgaging is a different story. Most lenders don’t offer 95% remortgage deals because of the risk to them should things go wrong.
However there are one or two lenders offering them at the moment, and as the advisors that work with us have access to the whole market they'll check you are eligible and find you the best one.
For a free quote complete the form to the right, make a quick enquiry, or give us a call on 0800 304 7880.
How to remortgage at 95% LTV
The problem many borrowers will find when they compare 95% remortgage deals, is that the rate they are currently on is better. Many products revert to the lenders standard variable rate after the initial tracker or fixed period ends, and often these are between 3 and 5%. Occasionally some lenders charge 6%+, in which case you should certainly look to get a new deal. The rates for new 95% remortgages are usually 5% +.
If you have the funds available, many would advise you to repay some of the balance at the time of remortgaging, to bring the LTV down to 90% - as this will give you a far better scope of the market with products at much better rates, with some 90% remortgage deals starting at sub 3.5% (at the time of writing). Whether you’re eligible for these or not is another matter, but the only way to find out is to ask!
Below are the rates tables for 95% remortgages, click to enquire or find out more!
Remortgage rates for 95%
For an accurate figure on 95% remortgage deals please make an enquiry, below are today's best buys for all LTV ranges...