The average rates applied to high loan-to-value (LTV) mortgages have continued to fall in recent months, figures from Moneyfacts.co.uk have revealed.
In fact, the average two year fixed rate on a 90% LTV mortgage is currently at its lowest point since January 2008 and has fallen markedly over the last 12 months.
One year ago, such a product would have carried an average rate of 5.97%, rising to 6.05% just six months ago.
A buyer taking a two year fixed rate at 90% today can expect a rate of 5.39%.
Louise Holmes, spokesperson for Moneyfacts.co.uk, said the availability of high LTV mortgages has increased in recent months, helping to bring down the average rate.
"Lenders have begun to launch more competitive products to borrowers who during the height of the credit crisis had pretty much given up on the prospect of owning their own property," she added.
Average rates have fallen even more significantly on longer term 90% mortgages.
One year ago, the average five year fixed rate mortgage was priced at 6.66%, rising to 6.87% just six months ago.
But as lenders have launched more products at this tier, the average rate has tumbled, falling by a full 1.00% in just six months to 5.87%.
Ms Holmes said that homeowners keen to take advantage of the low rates should act fast.
"Interest rates are predicted to stay at the historical low of 0.50% for the foreseeable future. Borrowers would be wise, however, to take advantage of low fixed mortgage rates while they can as lenders will increase product rates once interest rates begin to rise," she said.
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