Struggling to save? Buy a home with a just a 5% deposit

95% mortgages do carry higher interest rates than lower LTV brackets. That's because with a lower deposit, the lender is taking a greater risk in providing a mortgage to you. However, in the past few years, an increasing number of lenders have started offering 95% mortgages. This has led to increased competition amongst lenders, which brings rates down.

Other lenders do offer 100% mortgages, but these are usually require a guarantor to support the application, usually using their savings or property. Take a look at Savings as Security mortgages, or the Tembo Deposit Boost on our website to learn more.

In 2024, 2023 and 2022 we were voted the UK’s Best Mortgage Broker by our customers at the British Bank Awards. We specialise in helping buyers, movers and remortgages boost their affordability. Thousands have already used Tembo to discover how they could afford their dream home. Our smart decisioning tech and mortgage experts will find the best way to boost your budget from over 100 mortgage lenders, including high street banks and innovative first time buyer schemes. So you can get a solution in an instant, plus benefit from our expert advice and access some of the best rates available.

Typically, mortgage lenders will let you borrow between 4 to 4.5 times your total income for a mortgage. However, there are innovative buying schemes that will boost the amount you can borrow. These include 5.5x Income Mortgages, private equity loans and guarantor mortgage schemes. Tembo can help you discover the best way to increase your borrowing potential from a range of schemes in an instant. Simply create a free Tembo plan to get started.