The society increased its 95% LTV lending by 50% in 2016 compared to the year before and didn’t use the government scheme.
Yorkshire Building Society has pledged to continue lending at 95% loan-to-value now the Help to Buy mortgage guarantee scheme has expired.
The society increased its 95% LTV lending by 50% in 2016 compared to the year before and didn’t use the government scheme.
David Robinson, national intermediary sales manager at Accord Mortgages, said: “Feedback from brokers suggests that demand for 95% home loans is still high, which is reflected in the level of business we have seen at this LTV.
“Some may see the withdrawal of the Help-to-Buy mortgage guarantee scheme as a blow to first-time buyers, however there are still plenty of options available to those with smaller deposits.
“We are committed to helping first-time buyers get their foot on the property ladder, and the availability of competitive 95% LTV mortgages plays a significant role in achieving this.
“We will continue to lend at this level and play our part in ensuring there is still plenty of choice for first-time-buyers and borrowers with small deposits.”
There are currently 30 lenders offering 95% LTV mortgages.
