Written by Mark Langshaw Reviewed by Lee Trett
Sources
18 July 2026
Lowest rate is currently 4.49% - 2 years discounted interest only mortgage at 90% LTV
9 July 2026
Lowest rate is currently 4.47% - 61 months fixed interest only mortgage at 90% LTV
22 April 2026
Lowest rate is currently 4.49% - 2 years discounted interest only mortgage at 90% LTV
21 April 2026
Lowest rate is currently 3.85% - 25 years tracker interest only mortgage at 90% LTV
4 April 2026
Lowest rate is currently 4.49% - 2 years discounted interest only mortgage at 90% LTV
29 January 2024
First Published
There are plenty of 90% LTV mortgage options out there, but doing your homework before you apply for one is recommended. Here, we will explain why this is the case and offer guidance on how to get the mortgage you need.
What is a 90% LTV mortgage?
A 90% LTV mortgage is a mortgage with a loan-to-value of 90%. This would mean that the borrower is buying a property with 10% deposit and borrowing the rest of the purchase price.
90% LTV mortgages are common in the UK residential market and you should have plenty of options with 10% deposit, assuming you are creditworthy and affordability is not an issue.
However, mortgage rates can sometimes be on the high side at this LTV ratio, as 5-10% of the property’s value is generally the minimum lenders will accept. The higher your LTV, the higher your rate is likely to be so the mortgage provider can reduce the level of risk.
The good news is that favourable deals are opossible, especially if you apply for your mortgage through a broker - they know how to maximise your options based on your deposit amount and sometimes have access to exclusive rates and deals.
What interest rates are available?
Interest rates on 90% LTV mortgages are generally lower than they are at 95% LTV, but are still among some of the highest on the market.
However, a 10% deposit is enough to access most of the market and there are lenders who offer exclusive rates and deals at this LTV. Rates tend to be lower on fixed-rate agreements, especially ones with introductory rates periods of five years or longer.
You can compare the latest 90% LTV mortgage rates using our free mortgage sourcing tool below and choose the deal you want in real time.
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About these rates
Rates shown are illustrative based on the property value, mortgage amount, and term you entered above. Actual rates and total cost depend on your credit profile, deposit, and lender assessment. APR figures include product fees where applicable. Early repayment charges may apply. Rates are not guaranteed and may change before you apply - speak to an adviser to confirm what's available to you today. For a per-product representative example, open Show full details on any card above.
Can you get approved with bad credit?
Yes but your options will be more limited if you have a history of bad credit and need a 90% LTV mortgage. There are specialist adverse credit mortgage lenders, but many of their mortgage deals typically have higher deposit requirements, starting at around 15%.
There are, however, a few specialist mortgage providers such as Kensington who offer 90% LTV deals, although the rates are likely to be higher under these circumstances.
Your chances of qualifying for a bad credit mortgage with 10% deposit will improve if:
- Your credit issues are minor in severity, such as a late payment
- They occurred a long time ago (3-6 years)
- You have a good explanation for them (e.g. an unexpected life event)
- Your financial conduct has been good since they occurred
It is recommended that you speak to a mortgage broker if you are applying for a bad credit mortgage with 10% deposit, as your options might otherwise be limited.
Getting a second home mortgage with 10% deposit
The minimum amount of deposit you would need to buy a second residential property is 10% (90% LTV), but your choice of lenders will be much higher with 20-25% deposit.
If you are remortgaging your current home to raise funds to put towards a deposit on a second home, there are lenders who will let you remortgage at 80-90% for this purpose, although the average LTV requirement you can expect for this purpose is 75-85%.
Remortgaging at 90% LTV
There are remortgage deals available at 90% LTV and higher but you may need more equity than this if you are planning to release capital for a specific purpose. For example, borrowers who are remortgaging to consolidate debt typically need an LTV of 60-85%.
Compare 90% LTV mortgage rates for free
Calculate the repayments on a 90% LTV mortgage
To work out what your monthly repayments will look like, first deduct your 10% deposit from the property value to arrive at the amount you need to borrow. Enter this amount into our calculator below along with an interest rate and term length to get some quick results.
Why choose Money Helpdesk for your mortgage needs?
On Money Helpdesk, you can access expert advice from a broker who specialises in 10% deposit mortgages.
Here are just some of the reasons why our customers choose us:
- We can compare 90% LTV mortgage rates for you in seconds
- Our brokers can offer bespoke advice based on deposit amount
- We are 5-star rated on leading review websites
- You can secure an agreement in principle in minutes
Ready to take advantage of a free no-obligation chat with a mortgage broker who specialises in finding 90% LTV deals? Get started here.
FAQs
Not usually as buy-to-let mortgage deposit requirements typically start at 20% of the property’s value (80% LTV). If you have 10% saved up, though, there could be options to consider that could help you get eventually approved for a mortgage. See our standalone guide to low deposit buy-to-let mortgages for further information on this.
Commercial mortgage deposit requirements are usually between 20% and 40% of the property’s value (or 60-80% LTV). But as commercial lending is unregulated, lenders have the flexibility to approve 90% LTV deals on a case-by-case basis, but the investment would have to be strong enough to convince them that it is worth taking on the risk.
Deposit requirements from interest-only mortgages are typically higher than capital repayment mortgages and start at 25% (75% LTV) at most lenders. Specialist lenders, however, may consider a 90% LTV agreement if the mortgage is part-and-part.
Part-and-part mortgages are a hybrid of capital repayment and interest-only. You can read more about them in our dedicated guide to part-and-part mortgages.
Many mortgage lenders have a specific product range aimed at first-time buyers with 90% LTV, but if you’re concerned you might not be able to get a competitive deal, there are schemes first-time buyers can apply for to boost their chances of approval.
Firstly, there is Shared Ownership, which could be an option if affordability is your biggest concern. It’s a middle ground between buying and renting which involves paying rent to a local authority or housing association for the share of the property you won’t own.
It is possible to increase your state in the property over time, all the way up to 100% ownership, through a process called staircasing.
Secondly, if you are living in a council or local authority property and want to buy it, the Right to Buy scheme offers a discount on the purchase price to make that 10% deposit go further.