Danske Bank have launched a 95% mortgage for both first time buyers and home movers. 

Applicants must be in permanent contracted employment, with an individual or joint income of over £40,000. 

Danske Bank indicated a furloughed employee would be excluded if applying as a sole borrower, but they would be considered in a joint application with someone who was not on furlough. Bank of Ireland UK launched a 95% offer last week that is also available here, while Ulster Bank launched a 90% home loan in December.

The deals are part of an easing of mortgage conditions after limits imposed at the outset of the pandemic over fears of a fall in house prices.

For the best and most suitable deal, you may wish to consult an indepedant mortgage advisor.

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