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26 Jun 2024

95% mortgage calculator

Use our 95% mortgage calculator to work out how much you'll be able to borrow with a 5% deposit.

Stephen Maunder

If you've saved up a 5% deposit you'll probably want to know how much you could borrow with a 95% mortgage, and whether this would be enough to afford a property.

Your salary is one of the main things a mortgage lender considers when deciding how much you can borrow.

Our 95% mortgage calculator shows what property price you might be able to afford, plus what the mortgage repayments would look like, based on your income and a 5% deposit.

Looking for 95% mortgages?

Find the right mortgage using the fee-free service provided by L&C Mortgages

Compare mortgages

If you click on the link and complete a mortgage with L&C Mortgages, L&C is paid a commission by the lender and will share part of this fee with Which? Ltd helping fund our not-for-profit mission. We do not allow this relationship to affect our editorial independence. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

How do I get a mortgage with a small deposit?

There are a few different ways of getting onto the property ladder with a small deposit. Find out more in our guides:

95% mortgages - you borrow 95% of the property price from a mortgage lender
Guarantor mortgages - your family member could guarantee the loan, potentially helping you borrow more at better rates
100% mortgages - with the help of a guarantor you could buy a property without any deposit at all
Shared ownership - you buy a share of a property and pay rent on the rest.

If you're in the process of saving for a deposit and want an idea of when you'll have saved up enough to buy in your particular area, check out our mortgage deposit calculator.