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90% LTV Mortgages

90% LTV Mortgages & 10% Deposit Mortgages offer higher loan-to-value options for buyers.

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What are 90% LTV mortgages?

A 90% loan to value (90% LTV) mortgage allows buyers, whether they are first time buyers or home movers, to acquire a property with just a 10% deposit, while the mortgage lender covers the remaining 90%.

For example, if you are purchasing a £200k property, a 10% deposit would be £20k. Then you would take out a 90% LTV mortgage for £190k to cover the purchase price.

90% LTV mortgages can be used for buying your first home, moving home, remortgaging, and capital raising such as for debt consolidation or home improvements.

If you border line between a 95% or 90% LTV mortgage, (or 90% and 85%), it’s always a good idea to compare both rates available so you can see the difference.

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Can you get a 90% LTV mortgage?

Whether you can get a 90% mortgage or not will depend on several factors including:

  • Your income and employment.
  • The property type and construction.
  • Existing credit commitments include personal loans, car loans, and credit cards.
  • Your credit score and account conduct.

Interest rates on 90% mortgages tend to be lower than 95% deals due to the lower loan-to-value (LTV). This is because mortgage lenders see less risk when lending to an applicant with a 10% deposit. 

As a mortgage broker, it’s our job to find you the best 90% LTV mortgage product for your individual situation. 

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Our 90% mortgage advice service

We’ve helped many applicants successfully secure 90% mortgage deals with only a 10% deposit:

  • Joint name 90% mortgages.
  • Sole name 90% mortgages.
  • First time buyers, home movers or capital raising.

The first few steps of the process involve working out how much you can borrow for a mortgage, how much your monthly repayments and getting you an agreement in principle (AIP).

By doing this first, you can get an idea of how much your 90% ltv mortgage is going to cost. Get in touch with our mortgage advisors to see what sort of 90% mortgage products you could access.

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90% LTV Mortgages and 10% Deposit Mortgages FAQs

How can you get a 90% LTV mortgage?

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You can get a 90% mortgage by using a mortgage broker like us or by going direct to a mortgage lender.

It is not easy finding a 90% LTV mortgage product, we find that often there are hurdles to face along the way. Without the help of a mortgage broker, you may encounter problems with property surveys, valuations, and the conveyancing process.

A mortgage broker’s job is to guide you through the process and save you time and money along the way.

When preparing your 90% mortgage application, you are required to provide evidential documents to support your income and affordability. You will need to provide:

  • Evidence of earnings.
  • Bank statements showing good account conduct.
  • Form of identification (e.g. passport or drivers license).
  • Proof of deposit for a new purchase.
  • Credit report showing amounts of dates of anything that is registered against you.
  • Details of existing credit commitments such as loans and credit cards.

Our diligent case managers will ensure that you have all of your supporting documents in place before submitting your mortgage application.

What is a 90% LTV mortgage?

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A 90% mortgage is a 90% loan on a property. To take out a 90% LTV mortgage, you will be required to provide a 10% deposit towards the property purchase and the remaining finance will be provided by a mortgage.

Here is a 90% LTV mortgage example:

If you are looking to purchase a £200k property, you will be required to put down 10% of this value.

A 10% deposit for a £200k property amounts to £20k. This £20k can be made up from savings of a gifted deposit.

£180k mortgage application for the remaining 90% purchase price will be applied for and you’ll repay this back monthly for the term of your mortgage which is typically 25-30 years.

Who offers 90% LTV mortgages?

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Most mortgage lenders offer 90% LTV mortgages, each has different criteria surrounding them.  We work with many mortgage lenders, including the high streets and more specialist ones and we’ll find you the best deal based on your situation. 

Mortgage lenders that offer 90% mortgages will each have their affordability assessments and criteria surrounding them. This is where using a mortgage broker can become incredibly useful. 

Mortgage brokers will help you prepare your 90% mortgage application, making sure that you have the necessary documents in place that evidence your affordability for the product. 

Am I eligible for a 90% LTV mortgage?

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Each mortgage lender has their own, unique lending criteria.

Here are the typical eligibility criteria you can expect for a 90% LTV mortgage:

  • Income, you’ll need to evidence your income as part of the mortgage application.
  • Affordability, you’ll need to evidence that your mortgage is affordable now and in the foreseeable future.
  • 10% deposit from your savings or a gift.
  • You’re buying the property to live in and not a buy to let.
  • Sole or joint name applications available.
  • Credit score, although bad credit mortgage deals are available.

Like most mortgage processes, you will be required to pass mortgage lender credit checks and affordability assessments.

There are also a range of self-employed mortgages available at 90% LTV if you run your own business. Evidence of income in the form of SA302s, PAYE payslips, company accounts etc will be requested depending on the structure of your company.

Are 90% LTV mortgages a good idea?

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Yes, if you can afford to put down a deposit of 10%, 90% LTVmortgages are usually a good idea.

90% LTV mortgages often come with a better rate of interest than 95% due to the lower risk by the lender. Access to better rates of interest saves you money on your mortgage payments.

It’s also a good idea to use a mortgage broker to arrange your 90% LTV mortgage, they can provide advice based on your personal situation and progress your application through to completion, helping you overcome any hurdles along the way.

Are 90% LTV mortgage hard to get?

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90% mortgages are easier to take out than 95% mortgages because you are less risk to the mortgage lender.

Your personal situation, including credit history, source of deposit, employment type etc. along with the property type, source of deposit, and lending criteria will determine how hard a 90% LTV mortgage is to get.

Are 90% LTV mortgages only for first time buyers?

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No, 90% LTV mortgages are available to first time buyers, home movers and those looking to remortgage. 

As a mortgage broker, we will take a look at your personal and financial situation to determine whether a 90% mortgage is the right option for you.

Can you get a 90% LTV mortgage on a new build?

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Yes, 90% LTV mortgages are available on new build properties. Although not every mortgage lender will provide a mortgage on a newbuild property there’ll be additional lending criteria to meet when buying from the builder.

However, it is worth talking to a mortgage advisor to assess your options in this case. You may need to take out a specialist product on certain types of new builds, therefore, it is worth speaking with an expert.

There are also other schemes available such as shared ownership to help both home movers and first time buyers.

8 Reasons to choose UK Moneyman

Open 7 days a week until late.

Our team are available 7 days a week. You can get in touch at a time that best suits you!

Mortgage appointment at no cost to you!

No upfront fees payable, we are paid on results only. Book your free mortgage appointment online today.

You'll get your own dedicated case manager.

A dedicated case manager will help you prepare your mortgage application and keep you up-to-date wany updates provided by the mortgage lender.

We're on your side, we work for you.

Securing your 90% ltv mortgage can be a stressful experience. Let us take the stress away and help you find the perfect deal for your circumstances.

Jargon-free insurance advice.

Alongside your mortgage, your mortgage advisor will recommend insurance products to safeguard you and your family.

1000s of potential options.

Our aim is to save you time and money. We will search 1000s of 90% mortgage deals to try find a tailor-made solution for you.

We're experienced and knowledgeable.

We have been working as a mortgage broker for over 20 years now, our job is to apply our experience and knowledge to your case.

Your mortgage advisor will be with you every step of the way.

From your initial point of contact to securing your 90% mortgage product, we will hold your hand throughout the whole mortgage journey.

Popular 90% LTV Mortgages and 10% Deposit Mortgage Situations

90% LTV Mortgages (10% Deposit Mortgage) with Bad Credit

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If you have bad credit, you may have something such as a county court judgment (CCJs), default, or missed payments on your credit file, but you may still qualify for a 90% LTV mortgage.

When the bad credit occurred, what it was, and whether it is now repaid will be considered when recommending the best 90% LTV lender for your mortgage broker.

Popular examples of bad credit for 90% LTV mortgages are:

  • County court judgements.
  • Missed payments.
  • Defaults.
  • Individual voluntary agreements (IVAs).
  • Anything else?

90% LTV Mortgages (10% Deposit Mortgage) for Self Employed

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Getting a 90% mortgage with a 10% deposit is the same whether you are employed, or self-employed, there’s no difference in the mortgage product.

Usually what our self-employed customers find more complex is evidencing their income and completing a mortgage application, a broker on your side will prove invaluable.

The key difference is the mortgage application stage. For a 90% LTV self-employed mortgage application you’ll need to evidence your income in the form of:

  • Dividend income.
  • PAYE income.
  • CIS Income.
  • Directors’ loan.
  • Retained profits.
  • Freelancer/Contractor income.
  • Employer pension contributions adjustment.
  • Benefit income.
  • Investment income.
  • Pension income.
  • Combination of the above.

90% LTV Mortgages (10% Deposit Mortgage) for those Aged 50+

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These days, there are some great mortgage products designed for the over 50s for both purchasing and remortgaging. 90% LTV mortgages are also available to those aged 50+.

If you are looking to explore your mortgage options aged 50+ there are 3 main types of products available to you.

These are:

  • Standard mortgage, repayment or interest-only.
  • Retirement interest-only mortgage (RIO).
  • Lifetime mortgage, an equity release product.

Which product your mortgage broker will recommend will depend on your age, your income both now and in the future, how much deposit you have, and your objectives.

We’re an independent broker therefore we’re able to advise on all aspects of over 50s mortgages.

90% LTV Mortgages (10% Deposit Mortgage) for Shared Ownership

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90% LTV shared ownership mortgages are available from some mortgage lenders. The good news with shared ownership is that the percentage of deposit you need to put down is the share of the property you are buying.

90% LTV shared ownership mortgage example:

You’re buying a 50% share of a £200,00 property.

Purchase price – £200k
Share purchase – £100k
10% Deposit Required – £10k

90% LTV shared ownership mortgages are available both on a sole and joint name basis. When calculating the affordability for the lender, the rent payment will need to be taken into account to ensure that both the mortgage and the rent together are affordable to you.

90% LTV Mortgages (10% Deposit Mortgage) with Gifted Deposit

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90% LTV mortgages are available with a gifted deposit. Gifted deposit mortgages are a popular way for both first time buyers and home movers to buy a home.

Gifted deposits usually come from close family members to help our customers have a bigger deposit and keep the monthly mortgage payments down.

As part of the application process, proof of deposit will be required that shows the accumulation of funds. It’s always best not to start moving any money around bank accounts before speaking with your mortgage broker, lots of bank transfers between family and accounts can be confusing for banks.

90% LTV Mortgages (10% Deposit) for Buy to Let Properties

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A 10% deposit mortgage is not possible for investment properties. For a buy to let mortgage, you will usually have to provide a 25%-25% deposit.

Buy to let properties also come with strict lending criteria and affordability assessments.

We search 1000s of 10% deposit mortgage deals

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