Simmonds Mortgages

Mortgage Brokers covering Berkshire and beyond

Call: 01344 225 149 or 07979 690 056

90% LTV Mortgages Return - Pros and Cons

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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


Let us help!

We can also help your home purchase get underway by helping you to find the most suitable mortgage for your needs and circumstances and give you our expert advice on how to protect your property, income and family.

If you would like more information or help with your mortgage and protection concerns please call us on 01344 225 149 or 07979 690 056. Alternatively please send us an email at info@simmondsmortgage.co.uk

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

 

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Simmonds Mortgage Services is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply.


 

What our Customers Say...

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

Simmonds Mortgage Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.

Registered Office: Simmonds Mortgage Services Ltd, Lexham House, Forest Road, Binfield, Berkshire, RG42 4HP. Registered Company Number: 1152 8784 Registered in England & Wales.

There may be a fee for arranging a Mortgage and the precise amount will depend on your circumstances. This will typically be £399.00 paid once the mortgage offer has been confirmed.

There may be a fee for arranging an Equity Release or Lifetime Mortgage and the precise amount will depend on your circumstances. This will typically be £799.00 and is due on completion of the mortgage.

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