2 Year Discounted

- Are resident of England, Wales
- Are older than 18 and younger than 85 at mortgage end
- Have no repossessions
- Must already have a mortgage with Monmouthshire BS
Additional criteria may apply
A 90% is suitable for those with existing mortgages and those looking to get on the property ladder with a smaller deposit.
Why are you looking for a mortgage?
Additional criteria may apply
Additional criteria may apply
Additional criteria may apply
Additional criteria may apply
Additional criteria may apply
Additional criteria may apply
Additional criteria may apply
Additional criteria may apply
Additional criteria may apply
Additional criteria may apply
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
A 90% LTV mortgage is a higher loan-to-value ratio mortgage that is more readily available than 95% or 100% LTV mortgages, but how do they work and what should you be aware of?
A 90% loan-to-value ratiomortgage refers to the amount you are borrowing (90%) in relation to the value of the property.
The difference between the two, the 10%, is the deposit you need to put forward.
The higher the ratio between the borrowing amount and the value of the home, the higher the risk for the lender.
A 90% LTV mortgage is typically more expensive than a lower ratio mortgage because of the risk to the borrower.
To compensate for this risk the lender will typically charge you a higher interest rate, which will add up over the lifetime of the mortgage.
Therefore if you can afford a lower interest rate by putting forward a larger deposit you should consider it.
While taking a lower LTV ratio mortgage will probably lead to a lower interest rate and hence lower costs over the lifetime of the mortgage, you should consider your savings.
The costs of buying a property include stamp duty, solicitor’s fees and mortgage arrangement fees.
Furthermore a house can lead to many unexpected costs, like repairs or fixing small problems around your property. Therefore you should always keep a portion – typically 5% to 10% of the total property value – in reserve.
Uswitch is authorised and regulated by the Financial Conduct Authority (FRN 312850) to provide this mortgage comparison service.
Uswitch services are provided at no cost to you, but we may receive a commission from the companies we refer you to.