After mortgages for first-time buyers all but disappeared during the early months of the pandemic last year, 90% loan to value (LTV) mortgages are making a comeback. There are reported to be over 190 products currently available.

The Pros
This means that the market for buyers with lower deposits is opening back up again, which comes as particularly good news for first-time buyers, allowing them to take a step onto the mortgage ladder, possibly after years of saving up for a deposit.

The Cons
However, celebrations are muted, as many of the 90% deals are expensive, both in terms of interest rates and fees. There is also more of a risk of having little or no equity if property prices were to fall.

Taking advice is key.

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

Catch up on our other blog posts:



Mortgage lending has soared to record levels, according to latest data from the Bank of England1, which reveals that gross advances in Q1 totalled £83.3bn, which represents a 26.5% increase on the same quarter in 2020 and the highest level since Q4 2007. Impact of the...

read more

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

We charge a fee for arranging and advising you on the mortgage. The fee will be dependent on your circumstances but will not exceed £499. (Our typical fee is £299.)

For Lifetime Mortgages/Equity Release the fee will be £799.

Our mission is to provide honest mortgage advice, whilst helping you save money.

Get in contact

Flexible appointments

Or call —02380224925


Providing helpful and friendly mortgage advice in Southampton

First Floor, 9 Salisbury Road, Totton, Southampton, SO4O 2HW

02380 224 925

South Coast Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority. Registered Office: 59 The Avenue, Southampton, Hampshire, SO17 1XS. Registered Company Number: 08414746 Registered in England & Wales.