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95% Mortgages in London

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Buy Your Dream Home with Just a 5% Deposit – 95% Mortgages in London

Saving for a house deposit in London can be challenging, but with a 95% mortgage, you could certainly step onto the property ladder sooner than you think. At Home Guru, we specialize in securing low deposit mortgages in London, helping first-time buyers and also current homeowners purchase property with just a 5% deposit.

We work with top lenders to find the most competitive mortgage deals, certainly guiding you every step of the way.

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Who Can Apply for a 95% Mortgage?

Introduced by the UK government, the Mortgage Guarantee Scheme certainly helps buyers access 95% mortgages by encouraging lenders to offer low-deposit products. The government guarantees part of the loan, thus reducing risk for lenders.

Scheme Highlights:

  • Available for properties up to £600,000.
  • Applies to new builds and also existing properties.
  • Ends on 30 June 2025, so now is certainly the perfect time to act.
 

Learn more about the scheme on the official UK Government Website.

How Does the Mortgage Guarantee Scheme Work?

  • Access to Exclusive Deals: We certainly compare 95% mortgage products from top UK lenders.
  • Expert Guidance: Free, impartial advice tailored to your needs.
  • First-Time Buyer Support: Step-by-step assistance throughout the mortgage process.
  • Local Knowledge: Specializing in the London property market chiefly.

Benefits of a 95% Mortgage in London

  1. Lower Deposit Requirement: Certainly save thousands compared to traditional mortgages.
  2. Faster Homeownership: Certainly get on the property ladder sooner.
  3. More Lender Options: Access chiefly to exclusive 95% deals from trusted UK lenders.
  4. Tailored Support: Personal mortgage advice certainly from London market experts.

How Home Guru Helps You Secure a 95% Mortgage

  1. Free Consultation: We assess your financial situation and goals.
  2. Market Search: We compare 95% mortgage deals across top lenders
  3. Application Support: We handle paperwork and liaise with lenders.
  4. Approval to Completion: We guide you through to receiving your keys.


🔑 Ready to start your journey? Contact us today!

Current 95% Mortgage Lenders We Work With

We have access to exclusive deals from leading lenders, including:

From fixed and variable-rate mortgages to remortgages, repayment, and interest-only options, with access to over 90 trusted lenders including Barclays, Halifax, Santander, Nationwide, Virgin Money, and more.

Discover the right mortgage for you with Home Guru, where your mortgage journey begins with a friendly, welcoming touch!What sets us apart from other mortgage brokers is our commitment to providing our customers with a fee-free service.

Each lender has unique criteria, and we ensure you find the right fit.

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Apply for a 95% Mortgage in London Today!

  1. Local Expertise: We understand London’s property market.
  2. Exclusive Mortgage Deals: Access rates not available directly to the public.
  3. End-to-End Service: From mortgage search to completion, we’re with you.
  4. Trusted by Buyers: Proven success helping clients across London.
Don’t let a large deposit stand in your way. Let Home Guru help you secure a 95% mortgage and move into your dream home sooner.

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Contact Us Today for Free Advice in London!

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Frequently Asked Questions (FAQs)

A 95% mortgage allows you to borrow 95% of a property’s purchase price, meaning you only need a 5% deposit. This type of mortgage is ideal for first-time buyers and homeowners with smaller savings looking to get onto the property ladder.

Eligibility typically includes:

  • Purchasing a main residential property (not a buy-to-let or second home).
  • Property value up to £600,000.
  • Stable income and good credit history.
  • Ability to afford monthly repayments.

 

Some lenders offer 95% mortgages for new builds, though options may be more limited compared to existing properties.

 

The UK government’s Mortgage Guarantee Scheme encourages lenders to offer 95% mortgages by providing a guarantee, reducing their risk. This scheme is available for properties up to £600,000 and is open until June 2025.

Pros:

  • Lower deposit requirement.
  • Faster access to homeownership.
  • More lender options.

Cons:

  • Higher interest rates.
  • Increased risk of negative equity.
  • Stricter lending criteria.

 

If you’re a first-time buyer, you could pay less or no Stamp Duty Land Tax (SDLT) on properties up to £425,000. For homes above this threshold, standard rates apply. Use the Official Stamp Duty Calculator to determine your liability.

To enhance approval prospects:

  • Maintain a good credit score.
  • Ensure a stable income.
  • Limit existing debts.
  • Save for additional costs like fees and Stamp Duty

A agreement in principle in London (also known as an decision in principle) is a conditional offer from a lender stating how much they are willing to lend you based on your financial circumstances. While it is not a guarantee of a mortgage, it shows sellers in London that you are a serious buyer with potential financing.

 

 

 

The mortgage application process in London can take about a  week, depending on the complexity of your situation and the lender’s requirements. It involves submitting documentation, undergoing a credit check, and waiting for the lender’s approval.

Yes, alternatives include:

  • Help to Buy: Offers equity loans to boost your deposit.
  • Shared Ownership: Purchase a share of a property and pay rent on the remaining portion.
Yes, at Home Guru, our mortgage broker services in London are completely free of charge. We do not charge any fees for our advice or services, ensuring that you receive impartial, expert guidance to help you find the best mortgage deal in London.

We provide mortgage advice to first time buyers across all London postcodes, including Acton, Canary Wharf, Chelsea, Richmond, and more. Whether you’re looking to buy in North, South, East, or West London, Home Guru has local expertise to help you find the best mortgage deal. we proudly extend our expert mortgage assistance and advice across London including the following areas:

Acton W3
Barking & Dagenham IG11
Barnet EN4 & EN5
Battersea SW8 & SW11
Bayswater W2
Bexley DA5
Bexleyheath DA7
Brent Cross & Hendon NW4
Broxbourne EN10
Camden NW1
Canary Wharf E14
Canning Town E16
Chelsea SW3 & SW10
Chigwell & Hainault IG6 & IG7
Chiswick W4
Clapham SW4
Clayhall IG5
Colindale & Kingsbury NW9
Cricklewood, Dollis Hill, Childs Hill, Willesdan & Neasden NW2
Croydon CR0
Dagenham RM8, RM9, RM10
Ealing Broadway W5
Edmonton Green N9
Edmonton N9
EN6 Potters Bar
Enfield EN1, EN2 & EN3
Fulham SW6
Grays RM16, RM17 & RM20
Greenwich SE10
Hackney E8
Hampstead & Swiss Cottage NW3
Harlesden, Kensal Green & Wilesden NW9
Hayes UB3,
Herne Hill SE24
Hertford SG14
Hoddesdon EN11
Holland Park W11
Holloway N7
Hornchurch RM11 & RM12
Hornsey N8
Islington N1
Kensignton W8, W11, W14, SW5 & SW10
KIlburn, Queens Park & West Hampstead NW6
Lambeth & Southwarl SW2
Loughton IG10
Muswell Hill N10
Notting Hill W11
Peckham SE15
Purfleet RM19
Rainham RM13
Richmond TW9, TW10, TW11
Romford RM1, RM2, RM3, RM4, RM5, RM6, RM7
South Ockendon RM15
SouthGate N14
St Albans Al1
Stevenage SG1 & SG2
Stratford E15
Thamesmead SE28
Tilbury RM18
Tooting Broadway SW17
Upminster RM14
Waltham Abbey EN8 & EN9
Waltham Cross EN7 & EN8
Walthamstow E17
Wandsworth SW18
Wimbledon SW19
Woodford Green IG8

Leyton E10

Common fees associated with obtaining a mortgage in London include arrangement fees, valuation fees, and legal fees. Some mortgages also have early repayment charges or exit fees. It’s important to understand all costs upfront to avoid any surprises when buying in London.

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