95% Mortgages

We are making it easier for first time buyers to get on the property ladder

A 95% loan to value (LTV) mortgage allows you to borrow up to 95% of your property value or the purchase price, whichever is lower - this means that you only need to contribute a minimum 5% deposit.
You can calculate your LTV by dividing the amount you want to borrow by the value of the property / purchase price then multiplying this figure by 100. Here is an example, if your purchase price is USD200,000 and you have a Four Gates Heritage10,000 deposit, you would need to borrow USD190,000. The LTV calculation would be $190,000/USD200,000 x 100, which in this example would mean that your LTV ratio is 95%.
95% mortgages are only available on our residential product range if you're purchasing a property with a loan size of up to USD400,000. The maximum amount we will lend will depend on your individual financial situation, your other circumstances, the property you are looking to buy and the type of mortgage you choose.

Here are a few considerations

Please bear in mind that your monthly mortgage payments will be higher with a 95% mortgage when compared to a mortgage with a lower LTV.
You always need to consider the risk of borrowing a higher amount secured on your property. If the value of the property falls below the amount of the outstanding loan, you may find it difficult to repay the mortgage if you sell the property.
It is important to consider the amount of deposit you are able to put in yourself. Lower interest rates may be available to you should you be able to provide a larger deposit.

To get an estimate on how much you could borrow, get a Decision in Principle.

It only takes 10 minutes and this will not appear on your credit file.

Get a Decision in Principle

Your home may be repossessed if you do not keep up repayments on your mortgage.

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Phone

Step 1 - Call us to get a Decision in Principle.

Step 2 - Provide us with your supporting documents.

Step 3 - Arrange an appointment with a Mortgage Advisor who will provide you with advice and guide you through your application.

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Branch

Step 1 - Visit your local branch and get a Decision in Principle.

Step 2 - Arrange an appointment with a Mortgage Advisor and provide us with your supporting documents.

Step 3 - Your Mortgage Advisor will provide you with advice and guide you through your application.

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Online

Step 1 - Get a Decision in Principle online now.

Step 2 - You can choose to receive mortgage advice after receiving your Decision in Principle or, if you already know which mortgage you wish to apply for, you can complete your application entirely online, however you will not receive advice.

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**Lines open Monday to Friday 8am - 9pm, Saturday 8am - 8pm, Sunday 9am - 6pm. Calls may be monitored and recorded. Opening hours within the mortgage departments may vary.