Compare our best 90% LTV mortgages

For a 90% LTV mortgage, you only need a 10% deposit. It is a popular choice for first time buyers with small deposits. Compare our best 90% LTV mortgages, but be careful of higher interest rates. Mortgages with lower LTVs tend to have lower rates. Explore our guide to find out how you can buy your first home, remortgage or move house with a 90% LTV mortgage.

Mortgage type

Property price

£

Mortgage amount

£

Mortgage term

years

Initial rate type

Deal length

Repayment type

Our best 90% LTV mortgage rates

  • Loughborough 2 Year Variable mortgage

    Initial rate 1.74%. APRC 4.7%. Set-up fees £999
  • Lloyds Bank 2 Year Fixed mortgage

    Initial rate 1.79%. APRC 3.9%. Set-up fees £1,499
  • Halifax 2 Year Fixed mortgage

    Initial rate 1.8%. APRC 4.1%. Set-up fees £1,495
  • Cumberland 2 Year Variable mortgage

    Initial rate 1.82%. APRC 4.2%. Set-up fees £999
  • HSBC 2 Year Fixed mortgage

    Initial rate 1.84%. APRC 3.9%. Set-up fees £999
  • Barclays 2 Year Fixed mortgage

    Initial rate 1.87%. APRC 3.9%. Set-up fees £999
  • Lloyds Bank 2 Year Fixed mortgage

    Initial rate 1.88%. APRC 3.8%. Set-up fees £999
  • We've found 1179 mortgage deals

    Loughborough

    2 Year Variable

    Initial rate

    1.74%

    APRC

    4.7%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £740.36

    for 24 months

    Lloyds Bank

    2 Year Fixed

    Initial rate

    1.79%

    until 30-11-2021

    APRC

    3.9%

    overall cost for comparison

    Set-up fees

    £1,499

    Monthly payment

    £744.67

    for 24 months

    Existing current account customers only

    Lloyds Bank

    2 Year Fixed

    Initial rate

    1.79%

    until 30-11-2021

    APRC

    3.9%

    overall cost for comparison

    Set-up fees

    £1,499

    Monthly payment

    £744.67

    for 24 months

    Halifax

    2 Year Fixed

    Initial rate

    1.8%

    until 30-11-2021

    APRC

    4.1%

    overall cost for comparison

    Set-up fees

    £1,495

    Monthly payment

    £745.53

    for 24 months

    Cumberland

    2 Year Variable

    Initial rate

    1.82%

    APRC

    4.2%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £747.26

    for 24 months

    HSBC

    2 Year Fixed

    Initial rate

    1.84%

    until 31-10-2021

    APRC

    3.9%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £748.99

    for 24 months

    Barclays

    2 Year Fixed

    Initial rate

    1.87%

    until 31-10-2021

    APRC

    3.9%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £751.60

    for 24 months

    Barclays

    2 Year Fixed

    Initial rate

    1.87%

    until 31-10-2021

    APRC

    3.9%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £751.60

    for 24 months

    Barclays

    2 Year Fixed

    Initial rate

    1.87%

    until 31-10-2021

    APRC

    3.9%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £751.60

    for 24 months

    Lloyds Bank

    2 Year Fixed

    Initial rate

    1.88%

    until 30-11-2021

    APRC

    3.8%

    overall cost for comparison

    Set-up fees

    £999

    Monthly payment

    £752.47

    for 24 months

    Existing current account customers only

    Not ready to get a mortgage?

    Learn more about how to get a mortgage

    Show simple deals list

    Representative example:

    If you borrowed £200,000 payable over 25 years, with an initial fixed-rate for two years at 4.79%, your monthly payments would be £1,144.84 for 24 months. This would then revert to a standard variable rate (SVR) of 4.24% for the remaining 23 years, costing £1,086.24 per month for 276 months. Overall cost for comparison is 4.5% APRC representative. The total amount payable over the full term would be £328,272, including product fee of £995 and interest of £127,277.

    Your home may be repossessed if you do not keep up repayments on your mortgage.

    What is a 90% LTV mortgage?

    A 90% LTV mortgage is where you save up a deposit of 10%, and get a mortgage loan for the remaining 90%. This should get you lower interest rates than if you only had a 5% deposit (95% LTV) – but the trade-off is that you need to save up a larger amount of cash.

    LTV (loan-to-value) refers to the ratio between how much loan you need to buy a property vs. how much it is worth.

    With a 90% LTV mortgage, you borrow 90% of the cost of the home you want to buy and put down the remaining 10% as your deposit, which will most likely either be from cash savings or home equity.

    For example, if you’re buying a £400,000 property, you’d need a deposit (or equity) of £40,000 to hit an LTV of 90%. The remaining £360,000 would be lent to you by the mortgage provider.

    Whether you’re buying your first place, remortgaging or moving house, a 90% loan-to-value (LTV) mortgage is a pretty good place to start.

    What is LTV or loan-to-value?

    Can I buy my first home with a 90% LTV mortgage?

    Yes, you can. If you’re a first-time buyer, and you’ve managed to save up a 10% deposit, then… congratulations! That’s no mean feat with ever-increasing living costs and the state of the property market, even with the recent slight price dip.

    As a first-time buyer with a 90% LTV, you’ll have access to mortgage products with more competitive interest rates (that could save you thousands of pounds in interest payments) than 95 and 100% mortgages.

    As a general rule, the bigger the deposit, the better the rates. Lower interest rates mean a larger proportion of your repayments will go towards paying off the capital you owe rather than being swallowed up by the interest charges.

    Compare 90% LTV mortgages

    Can I remortgage or move house with a 90% LTV mortgage?

    If you’re moving house or remortgaging, and you have positive home equity of at least 10%, then you can get a 90% LTV mortgage.

    For example, if you owe £400,000 to your mortgage provider, but your home has gone up in value to £450,000, then you have positive equity of £50,000. You can use that equity to get a new mortgage, rather than having to save up a deposit. Or, if you do have savings, you can add those to the equation and reduce your LTV even further.

    If you can reduce your LTV to 85%, 80%, or even lower, then you could be offered even more desirable interest rates by mortgage lenders.

    You can find out how much you owe on your mortgage by checking your most recent statement – or ask your lender directly. To find out how much your home is worth now, get a rough estimate online or ask an estate agent for a valuation.

    Calculate how much stamp duty you’ll have to pay
    Mortgage calculator: How much can I borrow?

    Compare other types of mortgage

    Did you find this useful?

    Last updated: 3 July, 2019

    © 2019 Bankrate and its licensors. All rights reserved. Bankrate is a trading name of uSwitch Limited, registered in England and Wales (company number 03612689). uSwitch Limited is authorised and regulated by the Financial Conduct Authority under firm reference number 312850. You can check this on the Financial Services Register by visiting the FCA website: www.fca.org.uk/register. Our registered address is The Cooperage, 5 Copper Row, London, SE1 2LH.

    Bankrate services are provided at no cost to you, but we may receive a commission from the companies to which we refer you.

    We use cookies to enhance your experience with our tools and services. By clicking ‘Agree’ you accept our Cookie Policy.