95% Mortgages at Competitive Interest Rates | The Mortgage Broker

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We are starting to see some innovation within the mortgage market and it is great to see Woolwich launch a new mortgage deal aimed at buyers with a restricted deposit. Their new mortgage deal is available at 95% and has been called the Family Springboard Mortgage

How does the deal work?
If you are looking to buy and have a 5% deposit and you have family members who are willing to assist you with the purchase then the Springboard mortgage is for you. If your family members are willing to deposit an amount equal to 10% of the purchase price into a separate savings account the 3 years, and at the same time earn interest on their savings then this new mortgage is for you. Your familys savings are safe, guaranteed and returned after 3 years and you will get an attractive interest rate with only a 5% deposit.
The benefits To you
A very competitive interest rate
Only a small deposit needed
You receive assistance with your property purchase rather than a hand out
The property is all yours, your family have no rights over the property
The benefits To your family
They can assist you with the house purchase without handing over their savings
They receive competitive interest on their savings whilst helping you get a better mortgage deal
They are not guaranteeing the mortgage that you are taking out so overall less risk than the traditional guarantor type mortgage
If you would like further details on what shared ownership mortgages could be available to you,contact our teamto discuss your requirements or fill in ouronline mortgage enquiry formtoday and we will be in contact with you.

Published on 24 May 2020

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The Mortgage Broker

The Mortgage Broker is an award-winning UK mortgage and protection specialist with decades of experience helping thousands of customers secure suitable and affordable mortgage solutions. Regulated by the Financial Conduct Authority, all advisers are minimum CeMAP-qualified and known for delivering clear, transparent, and expert guidance whether helping first-time buyers, home movers, remortgage clients or those with complex or adverse-credit needs. Recognised as a finalist at the Mortgage Strategy Awards 2025, The Mortgage Broker combines digital speed with human trust, offering access to over 130 lenders and more than 25,000 products. The company’s app, secure client portal and easy-to-use tools make it simple for customers to compare rates, track progress, and stay informed from start to finish. With more than 2,500 verified five-star Trustpilot reviews, clients consistently praise the firm’s professionalism, value for money, and personal service. Reviews highlight the team’s ability to explain complex mortgage and protection topics in plain English, providing support throughout the entire journey. The company’s reputation for knowledge, empathy, and reliability has made it one of the UK’s most trusted brokers, delivering advice that is honest, transparent, and tailored to each individual’s financial goals. Every part of The Mortgage Broker’s service reflects Google’s E-E-A-T principles: Experience, Expertise, Authoritativeness, and Trustworthiness. Its team has decades of hands-on industry knowledge, proven technical expertise, and national recognition supported by awards, media features, and verified customer feedback. As an FCA-regulated firm with a 5-star reputation, The Mortgage Broker stands for no-nonsense advice, common-sense lending, and exceptional customer outcomes — setting the standard for trusted mortgage advice across the UK.

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