90% LTV mortgages

Home
Mortgages
90% LTV mortgages

Our expert panel reviews all content. Learn more about our editorial standards and how we operate.

What is a 90% LTV Mortgage?

A 90% loan-to-value (LTV) mortgage means you put down a 10% deposit. You then borrow the remaining 90% of the property value from a mortgage lender.

LTV is the ratio of the loan you've borrowed compared to the value or price of the property, whichever is lower. For example, to get a 90% mortgage for a £200,000 property, you put down a £20,000 deposit (10%) and borrow the remaining £180,000 (90%).

90% mortgages are usually cheaper than 95% mortgage deals (which are normally the maximum LTV deals available on the market). This is because the more you're able to put down a deposit, the lower your rate normally is. Making your monthly repayments more affordable.

Speak to our broker partner, Mojo Mortgages, to find out how much you could afford.

Who can get a 90% LTV mortgage?

Can get a 90% LTV mortgage:

First-time buyers - As long as you have a 10% deposit and meet the lender's eligibility criteria, they should be able to find a 90% mortgage. But some first-time buyers may prefer to put down a larger deposit if they're able to. And others may only manage a 5% deposit.
Those who are remortgaging - If you have 10% equity built up in your property and your initial mortgage deal has come to an end, a 90% remortgage might work for you. There are normally 90% remortgage deals available on the market, but some lenders may expect you to have a bit more equity to remortgage with them. You could use money from savings to increase your equity and get a lower LTV deal when you remortgage.

Can't get a 90% LTV mortgage:

Those who are buying to let - In most cases you won't be able to get a 90% buy-to-let mortgage. Lenders normally require at least a 25% deposit for a buy-to-let property (although the amount can vary from 20-40%). This is due to the increased risk the lender takes on with these properties.

90% LTV mortgages with Mojo

We've partnered with an expert broker, Mojo Mortgages.

Just answer some questions about your situation and let Mojo's expert advisors guide you to a mortgage tailored to your needs. And the best part of it all is, it’s completely free (yes, really!).

With access to lenders across the whole of the market, Mojo advisors strive to save you money and find your best mortgage rate.

Get a 90 LTV mortgage

4.5 rating based on 4,251 reviews
as of 15/03/2024

What types of 90% LTV mortgages are there?

Fixed-rate mortgage:

This means your interest rate remains the same for a set period. This gives you peace of mind that your payments won't suddenly increase if interest rates rise.

Variable-rate mortgage:

This means your interest rate is subject to change during your deal period. If the rate increases, you end up paying more each month. But if it decreases, you benefit from lower payments. The main types of variable-rate deals are discount mortgages and tracker mortgages.

What costs are involved with 90% LTV mortgages?

The main costs involved with a 90% LTV mortgage are:

Deposit - 10% of the property value
Monthly repayments - based on the loan amount (90% of the property value), interest rate and term length
Fees - there are various fees associated with a mortgage, including the arrangement fee (set-up cost)

Advantages and disadvantages of 90% LTV mortgages

Advantages of 90% LTV mortgages:

Saving a 10% deposit can be manageable, even for first-time buyers
Putting down a smaller deposit can let you keep money aside for property renovations and other projects
You usually get better deals and rates with a 90% LTV mortgage compared to a 95% mortgage
You're less likely to go into negative equity (when you owe more than your property is worth) compared to a 95% deal

Disadvantages of 90% LTV mortgages:

Those with larger deposits can get lower LTV mortgages and normally better rates
You're more likely to go into negative equity compared to a lower LTV deal
If a 10% deposit stretches your budget, a 95% mortgage might be more suitable to allow you to keep some money back for emergencies

What our mortgage expert says

"Buying a house with a 10% deposit can be a good option for first-time buyers. You get a better range of deals and rates compared to a 95% mortgage, but those buying their first property may still find it manageable to save a 10% deposit."

Claire Flynn, Senior Content Editor at Mojo

Claire Flynn Senior Content Editor | Mojo, Mortgages Expert | Confused.com

Mojo's customers say:

“Excellent advice from Mojo - Mark was very thorough with explaining what options were available to me and went through this in detail and answered all my questions with expertise.”

Maariyah - Mojo Mortgages customer (March 2024)

“Just brilliant. Process was much quicker and slicker than other brokers we have used previously.”

Kayleigh - Mojo Mortgages customer (November 2023)

Mojo is rated

Mojo mortgages have a 4.5 rating based on 4251 reviews
as of 15/03/2024

Tips & guides on 90% LTV mortgages

Loan to value explained

What is loan-to-value (LTV) and what does it mean for buying a house?

What are the different mortgage types?

Whether you’re a first-time buyer or know the process well, we’ve got you covered.

How to make an offer on a house

After what seems like an eternity of searching, you've finally picked the house you want. Now you need to buy it.

Mortgages in principle

Let us take you through what you need to know about a mortgage agreement in principle.

See all mortgage guides

Need more help?

Are there alternatives to 90% LTV mortgages?

The alternatives to a 90% mortgage are the other LTV deals lenders offer. Some of the most common are:

95% LTV mortgages
85% LTV mortgages
80% LTV mortgages
75% LTV mortgages
60% LTV mortgages

You can also get 100% (no deposit) mortgages, but these are rare. In most cases you need a guarantor or the savings of a family member to be eligible.

Page last reviewed: 15 March 2024

Reviewed by: Claire Flynn

YOU SHOULD THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME/PROPERTY. YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

The Financial Conduct Authority does not regulate mortgages for commercial or investment buy-to-let properties.

Confused.com is not a mortgage intermediary and makes introductions to Mojo Mortgages to provide mortgage solutions.

Confused.com and Mojo Mortgages are part of the same group of companies.

Confused.com 2nd Floor, Greyfriars House, Greyfriars Road, Cardiff, CF10 3AL, United Kingdom. Confused.com is a trading name of Inspop.com Limited and is authorised and regulated by the Financial Conduct Authority. FRN 310635

Mojo is a trading style of Life's Great Limited which is registered in England and Wales (06246376). We are authorised and regulated by the Financial Conduct Authority and are on the Financial Services Register (478215). Mojo’s registered office is The Cooperage, 5 Copper Row, London, SE1 2LH, and head office is WeWork No. 1 Spinningfields, Quay Street, Manchester, M3 3JE.

To contact Mojo by phone, please call 0333 123 0012.