90% Mortgages For First Time Buyers

We have searched the whole first time buyer mortgage market to find and display all the lenders who are willing to borrow to those who have a 10% deposit towards the purchase of their first home. View and compare all the 90% loan to value mortgages for first time buyers. See who is offering the cheapest rates and fees.

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Mortgage Expert



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Direct 2 Year Discount £1495 Fee

Initial Rate
1.54%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£476.13

APR
4.3%

compare

Direct 2 Year Fixed £1450 Fee

Initial Rate
1.89%

Mortgage Type
Fixed

Duration
2 years

Monthly Payment
£489.67

APR
3.5%

compare

Direct 2 Year Discount £499 Fee

Initial Rate
1.89%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£491.76

APR
4.5%

compare

Direct 2 Year Fixed £1499 Fee

Initial Rate
1.94%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£498.18

APR
4.2%

compare

Direct 2 Year Fixed £1499 Fee Existing Borrower

Initial Rate
1.94%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£498.81

APR
4.3%

compare

2 Year Discount £800 Fee

Initial Rate
1.95%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£496.44

APR
4.6%

compare

Direct 2 Year Fixed £1695 Fee

Initial Rate
1.95%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£500.21

APR
4.4%

compare

Intermediary 2 Year Fixed £800 Fee Limited Edition

Initial Rate
1.99%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£498.88

APR
4.7%

compare

Intermediary 2 Year Fixed £800 Fee

Initial Rate
1.99%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£498.73

APR
5%

compare

Direct 2 Year Fixed £999 Fee Standard

Initial Rate
1.99%

Mortgage Type
Fixed

Duration
Jun-2019

Monthly Payment
£499.15

APR
3.5%

compare

Direct / Semi Exclusive 2 Year Fixed £800 Fee Limited Edition

Initial Rate
1.99%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£498.88

APR
4.7%

compare

2 Year Discount £1499 Fee

Initial Rate
1.99%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£501.77

APR
5.1%

compare

Direct 2 Year Fixed £749 Fee C/A Premier/Advance Standard

Initial Rate
1.99%

Mortgage Type
Fixed

Duration
Jun-2019

Monthly Payment
£498.09

APR
3.5%

compare

Intermediary 2 Year Fixed £1499 Fee

Initial Rate
1.99%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£501.69

APR
4.2%

compare

Intermediary 2 Year Fixed £995 Fee

Initial Rate
2.06%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£503.58

APR
4.9%

compare

2 Year Discount 0.5% Fee

Initial Rate
2.09%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£503.56

APR
5.2%

compare

ATOM 2 Year Discount 0.5% Fee

Initial Rate
2.09%

Mortgage Type
Discount

Duration
Apr-2019

Monthly Payment
£503.56

APR
5.2%

compare

2 Year Fixed £800 Fee

Initial Rate
2.09%

Mortgage Type
Fixed

Duration
2 years

Monthly Payment
£504.48

APR
4.7%

compare

Direct 2 Year Fixed £995 Fee

Initial Rate
2.09%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£505.31

APR
4.4%

compare

2 Year Fixed £995 Fee Purchase

Initial Rate
2.11%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£506.50

APR
4.5%

compare

2 Year Fixed £895 Fee

Initial Rate
2.13%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£507.28

APR
4.9%

compare

Direct 2 Year Fixed £999 Fee

Initial Rate
2.14%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£507.58

APR
4.2%

compare

Direct 2 Year Fixed £999 Fee Existing Borrower

Initial Rate
2.14%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£508.23

APR
4.2%

compare

Direct 2 Year Fixed £995 Fee

Initial Rate
2.15%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£508.79

APR
3.7%

compare

Intermediary 2 Year Fixed £499 Fee Product Transfer <£500k

Initial Rate
2.19%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£508.96

APR
4.3%

compare

Direct / Semi Exclusive 2 Year Fixed £800 Fee

Initial Rate
2.19%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£510.27

APR
5.3%

compare

Intermediary 2 Year Fixed £999 Fee <£500k

Initial Rate
2.19%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£511.13

APR
4.3%

compare

Flexx For Term £999 Fee

Initial Rate
2.19%

Mortgage Type
Variable

Duration
Term

Monthly Payment
£511.13

APR
2.3%

compare

2 Year Discount £999 Fee

Initial Rate
2.19%

Mortgage Type
Discount

Duration
2 years

Monthly Payment
£510.38

APR
4.5%

compare

Intermediary 2 Year Fixed £999 Fee

Initial Rate
2.19%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£511.13

APR
4.2%

compare

Direct 2 Year Tracker £999 Fee Existing Borrowers C/A

Initial Rate
2.19%

Mortgage Type
Tracker

Duration
2 years

Monthly Payment
£511.22

APR
3.6%

compare

Direct 2 Year Tracker £999 Fee Save To Buy Existing Borrowers

Initial Rate
2.19%

Mortgage Type
Tracker

Duration
2 years

Monthly Payment
£511.22

APR
3.6%

compare

Direct 2 Year Tracker £999 Fee Save To Buy Existing Borrowers C/A

Initial Rate
2.19%

Mortgage Type
Tracker

Duration
2 years

Monthly Payment
£511.22

APR
3.6%

compare

Direct 2 Year Fixed £995 Fee Product Transfer

Initial Rate
2.19%

Mortgage Type
Fixed

Duration
Jun-2019

Monthly Payment
£511.11

APR
4.4%

compare

2 Year Tracker £999 Fee Existing Borrowers

Initial Rate
2.19%

Mortgage Type
Tracker

Duration
2 years

Monthly Payment
£511.22

APR
3.6%

compare

Direct 2 Year Tracker £999 Fee Switcher

Initial Rate
2.19%

Mortgage Type
Tracker

Duration
2 years

Monthly Payment
£511.22

APR
3.5%

compare

Direct 2 Year Fixed No Fee East Midlands Only

Initial Rate
2.19%

Mortgage Type
Fixed

Duration
2 years

Monthly Payment
£506.80

APR
4.5%

compare

Direct 2 Year Fixed £300 Fee

Initial Rate
2.19%

Mortgage Type
Fixed

Duration
2 years

Monthly Payment
£508.10

APR
4.6%

compare

Intermediary Premier Semi Exclusive 2 Year Discount 0.4% Fee Purchase

Initial Rate
2.19%

Mortgage Type
Discount

Duration
Feb-2019

Monthly Payment
£508.83

APR
4.4%

compare

Intermediary Key Account Exclusive 2 Year Fixed £999 Fee

Initial Rate
2.21%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£512.30

APR
4.2%

compare

Intermediary Key Account Exclusive 2 Year Fixed £999 Fee (Scottish)

Initial Rate
2.21%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£512.30

APR
4.2%

compare

Intermediary 2 Year Fixed £995 Fee Purchase

Initial Rate
2.23%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£513.44

APR
4.9%

compare

FTB 2 Year Fixed £995 Fee

Initial Rate
2.24%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£514.03

APR
4.3%

compare

2 Year Fixed £995 Fee Purchase

Initial Rate
2.24%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£514.03

APR
4.3%

compare

Lifetime Flexible Discount £800 Fee

Initial Rate
2.24%

Mortgage Type
Variable

Duration
Term

Monthly Payment
£513.18

APR
2.3%

compare

FTB 2 Year Fixed £999 Fee

Initial Rate
2.24%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£514.05

APR
4.2%

compare

FTB 2 Year Fixed £999 Fee (Scottish)

Initial Rate
2.24%

Mortgage Type
Fixed

Duration
May-2019

Monthly Payment
£514.05

APR
4.2%

compare

2 Year Fixed £999 Fee

Initial Rate
2.25%

Mortgage Type
Fixed

Duration
Mar-2019

Monthly Payment
£514.63

APR
4.1%

compare

Intermediary Offset 2 Year Fixed £995 Fee

Initial Rate
2.26%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£515.20

APR
4.9%

compare

FTB 2 Year Fixed No Fee

Initial Rate
2.29%

Mortgage Type
Fixed

Duration
Apr-2019

Monthly Payment
£512.73

APR
3.6%

compare



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Recent mortgage Q&A

Are there any 90% LTV mortgages for first time buyers

90% LTV mortgages for first time buyers

90% LTV mortgages for first time buyers

Due to a number of factors there are actually a good number of 90% loan to value mortgages that are available to first time buyers at the moment. The main reason for rate drops and the release of new mortgage products is because there is money filtering down into the mortgage market from the Funding for Lending Scheme, that the Government launched a while ago, but much of the initial funding was destined for small businesses. However now that money is arriving with mortgage lenders, which is providing them with cheap money that they are then obliged to use for loans.

How exactly is this affecting first time buyers?

The main effect this is having on first time buyers is that it is providing a mortgage product that has reasonably affordable mortgage repayments due to the fact there are now products with interest rates of under 4%. The first lower interest rate mortgages were released near the beginning of the year, but these products generally have pretty large fees of up to around £1700. Therefore, with the newer products now hitting the market you will not only get good interest rates, you will also be able to apply for them with the more normal fees of around £1000.

Why are these products coming out now?

Now more mortgages for first time buyers

Now more mortgages for first time buyers

The main reason that there are more products being released at the moment is because of the funding that is coming through from the Funding for Lending Scheme. The Funding for Lending Scheme has helped to benefit the mortgage market and is continuing to do so as mortgage lenders plan to increase their lending this year. This is good news for borrowers for two reasons. Firstly, there is more money in the system and so lenders are more likely to give you a mortgage loan as a first time buyer. Secondly, the increase in lending also means that mortgage lenders are entering a period of increased competition, which is driving interest rates down, although the rates coming out in the deals at the moment are about the lowest you will see due to regulatory costs.

What term are the rates fixed for?

10% deposit mortgages

10% deposit mortgages

Many of the 90% loan to value mortgages for first time buyers provide you with a fixed rate for two years, but it is worth checking out the five year deals as well as the rates are not much higher, less than half a percent in many cases. The benefits of a five year fixed term deal are that you will be protected from any rate rises that happen over the next five years and you will also have the stability of knowing that your mortgage payments are not going to change significantly over the next five years. In fact your mortgage payments will decrease slightly as you pay off a small amount of your mortgage loan.

How to find the best deal

A good place to start your mortgage research is to look at the basics. Have a look at how much money your have saved up as a deposit and use that value to calculate how much you can then spend on your first property by assuming that this will be a minimum of a 10% deposit. If you can then find a property at the right price and in the right place, that is then a good time to start looking. If you find that the properties you want are all more than your budget you could consider using the help to buy mortgage scheme and making your deposit a 5% deposit, but you will get much better deals and be better off financially if you can go straight onto the housing ladder with a 10% deposit.

If you are struggling to understand what all of the mortgage products are and what all of the terms mean, you should go to a mortgage broker to help you find the best deal. One thing you need to remember, whether you use a broker or not, is that you need to bear in mind more than just the interest rates when you are comparing mortgages. There are also things like arrangement fees to take into account.

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