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90% LTV First-Time Buyer Mortgages

Compare 90% LTV first-time buyer mortgages

The mortgages below show the best 90% LTV mortgage rates available to first-time buyers. You can personalise the chart below by adding the value of the property you want to buy and the value of the mortgage you want to get.
If you're not a first-time buyer you can also search for remortgages and moving home mortgages.

 

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Best 90% LTV First-time Buyer Mortgages

Best 90% LTV First-time Buyer Mortgages

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  • Vernon BS Discounted Variable
    Rate
    2.35%
    2.35% Discounted Variable (collared at 2.35%) for 2 years (2.85% disc)
    reverting to 5.20%
    APRC
    4.9%
    Max LTV
    90%
    Product Fees
    £999.00
    Initial Payment
    £741.05
    Total Over
    Check Eligibility
  • Virgin Money Fixed
    Rate
    3.09%
    3.09% Fixed to 01/08/2023
    reverting to 4.34%
    APRC
    4.1%
    Max LTV
    90%
    Product Fees
    £995.00
    Initial Payment
    £804.56
    Total Over
    Go To Provider's Site
  • Royal Bank of Scotland Fixed
    Rate
    3.18%
    3.18% Fixed to 31/08/2023
    reverting to 3.59%
    APRC
    3.6%
    Max LTV
    90%
    Product Fees
    £499.00
    Initial Payment
    £812.49
    Total Over
    Go To Provider's Site
  • NatWest Fixed
    Rate
    3.18%
    3.18% Fixed to 31/08/2023
    reverting to 3.59%
    APRC
    3.6%
    Max LTV
    90%
    Product Fees
    £995.00
    Initial Payment
    £812.49
    Total Over
    Go To Provider's Site
  • first direct Fixed
    Rate
    3.19%
    3.19% Fixed for 2 years
    reverting to 3.54%
    APRC
    3.6%
    Max LTV
    90%
    Product Fees
    £490.00
    Initial Payment
    £813.38
    Total Over
    Go To Provider's Site
  • NatWest Fixed
    Rate
    3.23%
    3.23% Fixed to 31/08/2023
    reverting to 3.59%
    APRC
    3.6%
    Max LTV
    90%
    Product Fees
    £995.00
    Initial Payment
    £816.92
    Total Over
    Go To Provider's Site
  • Royal Bank of Scotland Fixed
    Rate
    3.23%
    3.23% Fixed to 31/08/2023
    reverting to 3.59%
    APRC
    3.6%
    Max LTV
    90%
    Product Fees
    £995.00
    Initial Payment
    £816.92
    Total Over
    Go To Provider's Site
  • first direct Variable
    Rate
    3.29%
    3.29% Variable
    APRC
    3.4%
    Max LTV
    90%
    Product Fees
    £490.00
    Initial Payment
    £822.25
    Total Over
    Go To Provider's Site
  • Leeds BS Fixed
    Rate
    3.33%
    3.33% Fixed to 31/07/2023
    reverting to 4.04%
    APRC
    4.8%
    Max LTV
    90%
    Product Fees
    £999.00
    Initial Payment
    £825.81
    Total Over
    Go To Provider's Site
  • Virgin Money Fixed
    Rate
    3.34%
    3.34% Fixed to 01/08/2024
    reverting to 4.34%
    APRC
    4.0%
    Max LTV
    90%
    Product Fees
    £0.00
    Initial Payment
    £826.70
    Total Over
    Go To Provider's Site
Representative Example
Note

Mortgage Advice Bureau offers fee free mortgage advice for Moneyfacts visitors that call on 0808 149 9177 or email moneyfacts@mab.org.uk. If you contact Mortgage Advice Bureau outside of these channels you may incur a fee of up to 1%.

Any contractual relationship will be with Mortgage Advice Bureau.

Disclaimer

Credit will be secured by a mortgage on your property. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.

Quick Links

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What are the best 90% LTV first-time buyer mortgages?

FAQ's about 90% LTV first-time buyer mortgages

What is a 90% LTV first-time buyer mortgage?

A 90% LTV (loan-to-value) first-time buyer mortgage means that you need to be able to provide a 10% deposit, in order to get the mortgage deal. It can be an attractive proposition for first-time buyers as it means only having to save 10% of the value of the property to get onto the property ladder.

Is a 90% LTV first-time buyer mortgage right for me?

A 90% LTV mortgage could be for you if you’re only able to save a 10% deposit, but it’s important to consider the rate you’ll have to pay. Often, a higher deposit equates to a lower rate of interest and vice versa, which means that a 90% LTV mortgage will often charge a higher rate than a lower LTV. For this reason, if you can save a bigger deposit it is advisable to do so, as it will mean you are paying less interest and will have lower repayments. Saying this, it is common for first-time buyers to opt for a 10% deposit mortgage as it means getting onto the property ladder quicker than waiting to save more.

What about higher FTB LTVs?

While a 90% LTV is a common option for first-time buyers, there are plenty of others to consider, including 95% LTV and even 100% LTV mortgages if you can’t save a 10% deposit. If you are tempted with these options, it is important to remember that they normally come with a higher interest rate and can end up costing more money in the long run. This is because choosing a higher LTV will typically mean higher mortgage repayments each month, or needing to take out a much longer mortgage term – the latter can improve affordability, but also means you’ll be paying the mortgage off for longer, so it’s important to consider all the options.

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