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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 It is now over 6 months old so the content may be out of date.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 Any products featured may be withdrawn by their provider or changed at any time.

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