22 March 2021

95% Mortgages are back!

Two lenders returned to the market at 95% loan to value last week supporting first time buyers.

Both Bank of Ireland and Accord Mortgages came to market with a 5 year fixed rate priced at circa 4%. Interestingly, neither of these 95% products are supported by the new Government mortgage guarantee scheme.

However, had the scheme not been announced it is unlikely we would have seen a return to 95% from these lenders so quickly.

With the mortgage guarantee scheme launching in a couple of weeks we are keen to see the interest rate that will be offered and the effect this will have on both 90% and 85% products currently available.

This 95% launch simply goes to show the confidence lenders have that we are escalating into a strong housing market for 2021 which is a really positive sign.

To find out more and to discuss your individual eligibility contact us today.

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