Which 90% Percent Mortgages Are Best For You?
90% Mortgages
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90% mortgages

Before the credit crunch, a wide range of lenders were offering 90% mortgages. These were particularly advantageous to first-time buyers who were finding it hard to scrape together a sufficient deposit as they only needed to find 10% of the property's value.

However, since the economic crash and falling house prices, lenders have become more reluctant to lend to those borrowers with a small deposit and as a result, the number of 90% mortgages on offer has decreased.

Although more lenders are now starting to offer 90% mortgages again, the number of deals available is still far lower than it was before the credit crunch. This means that if you are looking for a 90% deal, they are likely to be far less competitive than those on offer for larger deposits – the larger the deposit you have, the more deals you'll have to choose from and the lower the interest rate will be.

Don't forget to also take the mortgage fee into consideration when comparing deals.

 
 
Lender Initial Rate Duration Standard Rate Overall Cost For Comparison Max Loan To Value Fee
1.99%2 years3.94%3.7% APRNA£1499
2.45%2 years5.69%5.4% APR75%£999
2.49%2 years4.99%4.7% APR70%£499
2.59%3 Years4.99%4.4% APRNA£598
2.65%2 Years5.69%5.5% APR75%£999
2.69%2 years4.99%5% APR75%£795
2.75%2 years5.49%5.1% APR80%£95
2.75%To Mar 20145.95%5.6% APR70%£374
2.79%To Mar 20144.99%4.8% APR75%Nil
4.49%3 years5.44%5.4% APR90%Nil
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