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10th September 2019
Number of available 95% LTV mortgages drop says Moneyfacts
Moneyfacts UK Mortgage Trends Treasury Report, not yet published, reveals that the total number of products at maximum 95% loan-to-value(LTV) has fallen by 11, from 391 deals in August 2019 to 380 this month, while the average five-year fixed rate at this tier increased by 0.01% to 3.64% over the same period.
However, the total number of products at maximum 90% LTV has increased by 12, from 762 products in August 2019 to 774 this month and the five-year average fixed rate at 90% LTV decreased by 0.05% from 3.00% to 2.95% over the same period. Meanwhile, the average five-year fixed rate at 80% LTV decreased by 0.10% to 2.77% and at 60% LTV, the rate has fallen by 0.05% to 2.18%.