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95% Mortgages

For first homes and dream homes

We recognise that getting a foot on the property ladder, or climbing to the next rung, can be tough.  That’s why we’re offering 95% mortgages to first time buyers and home movers with a smaller deposit available. These mortgages are backed by the Government’s Mortgage Guarantee scheme.

  • Borrowing at this Loan to Value (LTV) ratio can help you get to your first home or your dream home sooner, but please be aware there are downsides and you need to consider your options carefully. Take a look at the ‘Things to consider’ below.
  • A 95% 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 or the purchase price (whichever is lower), then multiplying this figure by 100. Here is an example, if your purchase price is £200,000 and you have a £10,000 deposit, you would need to borrow £190,000. The LTV calculation would be £190,000 divided by £200,000 x 100, which in this example would mean that your LTV ratio is 95%.
  • Borrow for up to a 35 year term with a Capital Repayment mortgage.
  • The ability to make additional payments and overpayments (subject to conditions).
  • 95% mortgages are only available on our residential product range if you're purchasing a property with a loan size of up to £500,000. 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.


To be able to apply for one of our 95% Mortgages you’ll need to be able to answer yes to the following questions:

  1. Do you need to borrow £500,000  or less?
  2. Do you have a minimum of 5% deposit?
  3. Upon completion of your purchase, will this be the only property you own and will it be your main residence?
  4. Can you confirm that the property is not a new build*, not a flat or maisonette, and not part of a Shared Ownership or Shared Equity scheme?

*A new build property is defined as: a building that’s been built in the last 24 months, which includes property bought directly from a builder or developer, a property that’s yet to be occupied for the first time or a property that’s currently unoccupied, for example, following a renovation or conversion. Not available for buy to let.

Things to consider

  • Please bear in mind that your monthly mortgage payments will be higher with a 95% mortgage when compared with 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 apply for a 95% mortgage please call us on 0800 169 6333

Contact us

Our Mortgage Advisors are available 7 days a week over the phone 

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

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

Standard variable rate:

Our current standard variable rate for residential mortgages (which is referred to either as the HSBC Variable Rate or the HSBC Standard Variable Rate) is 3.54% and for Buy to Let mortgages (which is referred to as either the HSBC Buy to Let Variable Rate or as the HSBC Standard Variable Buy to Let Rate) is 4.60%, effective from 1st April 2020. These rates only apply when a fixed or tracker rate no longer applies.

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