How to find the right 90% LTV remortgage
You could remortgage to a cheaper deal even if you only have 10% equity in your home with a 90% remortgage deal. You can choose a remortgage by:
Using this comparison, which includes remortgages that could lend you 90% of the value of your property
Using a mortgage broker, who can help you choose a deal based on your personal circumstances
You can work out how much each remortgage will cost by checking the interest rate and any fees they charge. You can then choose the best 90% remortgage and apply for it online.
Find out how to get a remortgage here
Check you can get a 90% remortgage deal
Before you apply for a 90% remortgage deal, work out what equity you have in your home by:
Your equity will be the difference between the current value of your home and your mortgage balance. If this is 10% or more you can apply for a 90% remortgage deal.
Which deal should you choose?
When looking for a remortgage, make sure:
You will save money: Check what fees you will need to pay when remortgaging and make sure the amount you save by switching will make you better off overall.
You will be accepted: To get a 90% remortgage you will need at least 10% equity in your property, and to meet the lender's eligibility criteria. Check the terms and conditions before you apply.
You can choose from most types of mortgage when you switch to a new deal; here's how to choose the right type of mortgage for you.