95 per cent mortgages loan to value

Posted by MKL Finance on 27 February 2014 | Comments

Hinckley & Rugby Building Society has launched a 95 per cent loan-to-value (LTV) mortgage to help borrowers with small deposits and first-time buyers get on the housing ladder.

The two-year fixed rate mortgage has a 4.89 per cent interest rate and the £990 fee includes valuation on properties worth less than £1m. There are no charges for early repayment.

The market for 95 per cent mortgages is expanding rapidly, but some lenders are already raising rates 95 per cent mortgageson low-deposit loans; Yorkshire Building Society increased rates by 0.20 per cent last week.

Aldermore, which offers 95 per cent mortgages through the Help to Buy scheme, also increased its two-year fix deal to 5.43 per cent.

Cashing-in pension pot 'may be costly

older couple in kitchen Image copyright GETTY IMAGES

A million couples miss out on tax break

gay couple getting married Image copyright GETTY IMAGES

Crackdown on high-interest lending announced by FCA

Washing machine in store Image copyright GETTY IMAGES Image caption Rent-to-own customers usually pay off household appliances over three years

Rate rise chances dim as inflation falls

Shoppers on Oxford Street Image copyrightPA

MKL FINANCE LTD is Authorised and Regulated by the Financial Conduct Authority (FCA) No: 705151, in respect of its Consumer-Credit Activities: www.fsa.gov.uk/register/home.do. Registered in England & Wales No: 08346439, Registered Office: 242 Archway Road, Highgate, LONDON N6 5AX: Data Protection No: Z3508144. Anti Money 16230.‏‏

2013 © MKL Finance