105% mortgage: buying with little deposit is possible

You dream of becoming a homeowner but your savings don't yet cover the purchase costs? Good news: there are financing solutions available today that allow you to borrow beyond the property price, without needing a large personal contribution.

What is a 105% mortgage?

A standard mortgage typically finances between 80% and 100% of the property value. A 105% mortgage goes further: it also covers part of the ancillary costs associated with the purchase — notary fees, registration duties, application fees — which often represent between 10% and 15% of the total price.

In practical terms, this means it is possible to acquire a property without mobilising all of your savings, or even without mobilising all of your savings

.

Who is this type of financing for?

This type of credit is primarily aimed at first-time buyers with a strong repayment capacity but who have not yet had the time to build up a sufficient deposit. A solid financial profile — stable income, low existing debt — is generally the key to accessing it.

Conditions vary depending on the lender, but you will typically find:

• A loan-to-value ratio of up to 105% of the property's market value

• A minimum share allocated to the property purchase (generally 75% or more)

• A sufficient remaining income after repayment

• A maximum term of 30 years

  
  

Our role as a broker

As an independent broker, we have access to financing solutions that traditional banks do not always offer. Our role is to analyse your situation, identify the products suited to your profile, and support you every step of the way.

Would you like to know whether you are eligible for 105% financing? Contact us for a personalised, no-obligation assessment.