90% LTV Mortgages (Ideal for First Time Buyers)

In a matter of minutes Ascot Mortgages can find you the best 90% mortgages available from across the market, including a number of private lenders.

We will search for the cheapest 90% LTV mortgage which best suits your individual requirements. We make securing a 90% mortgage quick and hassle free, so buying your first home is as exciting and enjoyable as it should be – safe in the knowledge that your mortgage considerations are being dealt with by experts, on your behalf.

  • We will find you the best rates on 90% mortgage deals
  • Free initial financial advice
  • Simple, fast, hassle-free service
  • We will search across the market for you

  • Quickly find the right mortgage for you:
  • Your question or requirements
  • By sending this message you are giving your permission for Ascot Mortgages to contact you to discuss your requirements.

90% LTV Mortgages for first time buyers

There’s no question that the top 90% Loan to Value (LTV) mortgage deals for first time buyers are starting to look better at last as more and more lenders begin to offer 90% mortgages again creating healthier competition and better deals.

High LTV Mortgages, such as the 90% mortgages discussed here enable first time buyers with a low deposit to put down just 10% of the property value as the deposit. There are quite a number of 90% mortgage deals now available, each with potentially different mortgage lending criteria, interest rates, lending charges and conditions. It can be quite a chore to search through the lenders deals yourself, and as comparison websites don’t always have access to the lenders best deals, so it is always a good idea to speak to a knowledgable mortgage broker – such as Ascot Mortgages to make sure you are getting the best mortgage available.

Lending criteria for 90% LTV Mortgages

90% Mortgages do usually come with stricter lending criteria which can vary between lenders – but fortunately as the mortgage market is beginning to ease up (2013) this lending criteria is gradually relaxing. However a good credit score is generally essential with all lenders.

Word of caution – not all 90% mortgages can be considered a “good deal” – it can be quite common for 90% LTV mortgages to have higher than average lending charges, higher interest rates, and /or expensive extended tie-in. So if you are considering taking out a 90 percent mortgage you should speak to a reputable mortgage broker such as Ascot Mortgages who will be able to make sure you are getting the best mortgage deal available.
Other financial considerations when buying your first home:

First time buyers with limited case available for a deposit need to also factor in
other expenses associated with buying your first home:-

  • Mortgage Arrangement Fee (this can in most cases be added to the mortgage)
  • Mortgage Valuation Fee (can sometimes be added to the mortgage)
  • Independent Homebuyer or Buildings Survey
  • Legal Fees (some lenders will contribute towards the cost of your legal fees)

Ascot Mortgages offer a comprehensive range of mortgages from across the market. We are dedicated to providing the very best financial advice and the highest standards in customer service.

Please contact Ascot today, and you will be very glad you did.

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