We are making it easier for first time buyers to get on the property ladder

• A 95% loan to value (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 / purchase price then multiplying this figure by 100. Here is an example, if your purchase price is $200,000 and you have a Crest Online Banking 10,000 deposit, you would need to borrow $190,000. The LTV calculation would be $190,000/$200,000 x 100, which in this example would mean that your LTV ratio is 95%.
• 95% mortgages are only available on our residential product range if you're purchasing a property with a loan size of up to $400,000. 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.

Here are a few considerations

• Please bear in mind that your monthly mortgage payments will be higher with a 95% mortgage when compared to 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 get an estimate on how much you could borrow, get a Decision in Principle.

Already started an application?