Product focus: 90% LTV mortgages - Mortgages - News - Moneyfacts

News

Moneyfacts.co.uk News brings you the latest financial & economic news & reviews of the best products in the UK by our team of money experts.

Product focus: 90% LTV mortgages

Product focus: 90% LTV mortgages

Category: Mortgages

Updated: 09/11/2011
First Published: 09/11/2011

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The number of high loan-to-value (LTV) mortgages has increased over recent months, which is good news for house-hunters with small deposits. At present there are 253 mortgages requiring a deposit of at least 10% of the property value, compared to 206 last October.

Here is a selection of some of the current best fixed rate mortgage products with maximum LTVs of 90%. All of the following products are available to first, second and remortgage customers.

Chelsea Building Society

  • This deal offers a rate of 4.09% to 31 December 2013.
  • The maximum loan-to-value is 90% and first, second and remortgage customers can borrow between £75,000 and £500,000.
  • A fee of £999 is payable.
  • This two year product also offers the flexibility to make overpayments of up to 10% of the mortgage advance.

HSBC

  • This product from HSBC offers a rate of 4.49% to 31 January 2014.
  • The maximum loan-to-value is 90% and purchase and remortgage customers can borrow up to £400,000.
  • Incentives are offered of a free valuation for purchase borrowers and free legal fees for those remortgaging.

Post Office

  • This two year fixed rate deal offers a rate of 4.59% to 31 December 2013.
  • The maximum loan-to-value is 90% and the minimum advance for purchase and remortgage borrowers is £25,001.
  • A fee of £995 is payable.
  • Overpayments of up to 10% of the outstanding balance can be made.

Find the best mortgage rate - Compare best selling mortgages

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

Related Articles

Homemover numbers fall for first time since 2011

The mortgage market enjoyed a record year in 2016, so it may come as a surprise to hear that the number of people moving home has fallen for the first time in five years, with fewer apparently taking advantage of the market.

2016: the best year for remortgaging since 2009

Remortgaging has certainly seen a surge in activity of late, helped in no small part by the dramatic drop in mortgage rates over the last year, so much so that 2016 as a whole proved to be the best year for the sector since 2009.

Homeowners underestimate remortgaging savings

Remortgaging has been enjoying a surge in popularity in recent months, and considering how much you could save, it’s a no-brainer! Unfortunately, many fail to realise the extent of potential savings, which could mean too few make the switch.
 
Close