"The Easy Way to Get Your Best UK Mortgage" |
|
|
|
|
|
|
||||||
|
|
Mortgage Guide
Click for Full Contents
Types Of Mortgage
Click for Full Contents
90% Mortgages
What Is A Ninety Percent Mortgage?
If you plan to place a 10% deposit on the property you are buying, then you will need a 90% mortgage.
This means that you pay 10% of the purchase price in cash and borrow 90% from your mortgage lender.
90% is a fairly common level of mortgage borrowing, especially for younger house buyers.
The good news is that by providing a 10% deposit you should qualify for most mortgage lenders' lowest interest rates and should get a full choice of interest rate repayment options.
Advantages of 90% Mortgages
One of the benefits of a 90% mortgage is that it provides a reasonable level of protection from negative equity – only very rarely do house prices fall by more than 10%, meaning that in a worst-case scenario you should usually be able to sell your house and pay off your mortgage.
Providing a 10% deposit also gives you access to a wide range of competitive interest rates and repayment options, including:
fixed rate, variable rate, discounted and trackers and interest only mortgages
A general rule is that larger deposits provide access to better mortgage deals – and you always save money on interest payments by borrowing less to start with!
How Can I Find The Best 90% Mortgage?
The mortgage marketplace is huge and includes not only all the well-known high street lenders but also many other large lenders who prefer not to deal with borrowers directly, but instead receive all their customers from independent mortgage brokers.
This means that while you may find the best mortgage deal for you on the high street, there is a good chance you may not.
Talking to a mortgage broker about your needs is normally free of obligation or cost, and may result in you finding a better mortgage deal than you would have done on your own.
Read On about
Read On about
Fixed
Rate
Variable Rate
Discounted
Rate
Read On
Interest
only mortgages
Interest
repayment arrangements
Read On / Mortgage Guide
Choosing
a Mortgage
Different Mortgage Types
Re
Mortgages
How to Find your Mortgage
Mortgages in Principle
Read On
Guide to Buying Home in the UK
Guide to UK Home and Mortgage Insurance
Back to A to Z Mortgages UK List
Read more about Types of Mortgages
See contents of Full Mortgages Guide
See contents of Home Buyers Guide
I've read enough for now and want to get a free Quick Mortgage Quote
The
two major varieties:
Repayment
mortgages
Interest
only mortgages
Then
mix in the various:
Interest
repayment arrangements
Finally,
to cover all the different types there's a
Complete A-Z of mortgages
Complete A-Z
All UK Mortgage types
100%
Mortgages
Base
Rate Trackers
Bridging
Loans
Bad
Credit Mortgages
Buy
to Let
Calculators
for Mortgages
Cashback
Mortgages
Capped
Rate
Costs
of a Mortgage
Current
Account Mortgages
Discounted
Variable Rates
Equity
Release Mortgages
Endowment
Mortgages
Expatriate Mortgages
First
Time Buyer Mortgages
Fixed
Rate Mortgages
Group
Mortgages UK
Interest
Only Mortgages
Investment Mortgages
ISA
Mortgages - UK
Part
and Part Mortgages
Pension
Mortgages
Prime
Mortgages
Repayment
mortgages
Shared
Ownership Mortgages
Standard
Variable rate
| Can't Find It Here? Enter what you are looking for in the box below |
I'm
employed -
shortcut
I'm
self-employed -
shortcut
I'm
buying my first mortgage
- shortcut
I've
got a bad credit history -
shortcut
Mortgage
Basics
How
to Choose your Mortgage
Types of Mortgage
Where to Find Your Mortgage
Getting a Mortgage in Principle
Read enough? Just want a quote? To get your best mortgage quote quickly and easily we can put you in contact with a recommended mortgage adviser. It's free, completely confidential and there's no obligation at all. Simply fill out the form below
