If you're a first-time buyer, taking out a 95% mortgage could be a way for you to get onto the property ladder with a small deposit.
Your income is one of the main things a mortgage lender considers when deciding how much you can borrow. Our 95% mortgage calculator helps you figure out how much you'll be able to afford for your first home based on your income and a 5% deposit.
There are a few different ways of getting onto the property ladder with a small deposit. Find out more in our guides:
- 95% mortgages - you borrow 95% of the property price from a mortgage lender
- Guarantor mortgages - your family member guarantees the loan, potentially helping you borrow more at better rates
- 100% mortgages - with the help of a guarantor you could buy a property without any deposit at all
- Help to Buy - government schemes to help you buy with a small deposit