Research reveals more mortgage choices for 95% loan rates

The number of residential mortgage providers that include a maximum 95% loan to value (LTV) product in their range has increased, the latest comparison figures show. There are now 60 providers with this product, up from 53 a year ago and 13 more than five years ago, according to the latest research from Moneyfacts. In turn, this increase in 95% LTV products over the past 12 months in particular, and subsequent intensifying competition, has forced rates down, with the average two year fixed mortgage rate and average five year fixed rate decreasing by 0.73% and 0.71% respectively.