How much deposit do I need for a 90% mortgage?

For a 90% mortgage in Cardiff, you’ll need a 10% deposit based on the property’s price. If the property you want is valued at around £269,000, this would mean a deposit of roughly £26,900, while the remaining £242,100 would be borrowed from your mortgage lender. This type of mortgage continues to be a popular option for those looking to buy in the city with a modest deposit. Putting down a little more, such as a 15% or 20% deposit, can make a noticeable difference to the rates and products available to you. It can also lower your overall borrowing and provide more manageable repayments. A mortgage advisor in Cardiff can give tailored mortgage advice to help you understand how your deposit size influences your options and guide you towards a suitable mortgage solution.

Is a 90% mortgage in Cardiff suitable for first time buyers?

A 90% mortgage in Cardiff can be a suitable choice for first time buyers looking to buy a property with a 10% deposit. The lender provides the remaining 90% of the purchase price, making this a practical option for those keen to get onto the property ladder. Many first time buyers find that this type of mortgage helps them move sooner, especially when house prices are rising. Lenders will look closely at your income, credit history, and financial commitments to ensure the mortgage is affordable. With guidance from a mortgage advisor in Cardiff, you’ll receive clear mortgage advice about the options available and how to prepare for your first application.

How do lenders decide if I qualify for a 90% LTV mortgage?

Lenders assessing a 90% mortgage in Cardiff will look closely at your financial situation to ensure the mortgage is affordable and sustainable. They’ll examine your income, regular outgoings, and any existing credit to calculate your borrowing capacity. Having a consistent income and managing your finances responsibly are key factors that work in your favour. Your credit report will also be checked to see how well you’ve handled previous financial commitments. Keeping your credit file in good shape can make a big difference to your eligibility. With support from a mortgage advisor in Cardiff, you’ll receive clear mortgage advice on how lenders assess applications and what steps to take before submitting yours.

Can I get a 90% mortgage in Cardiff with bad credit?

It can be possible to secure a 90% mortgage in Cardiff even if you’ve experienced credit problems in the past. Lenders will look at your overall financial position and the details of your credit history before making a decision. The longer ago the issues occurred and the more stable your current circumstances, the better your chances of approval. Preparing early can improve your likelihood of success. This includes checking your credit file, paying down existing borrowing, and keeping up with regular payments. With support from a mortgage advisor in Cardiff, you can receive clear mortgage advice and explore 90% mortgage options that may still be available despite a history of bad credit.

Can I use a gifted deposit for a 90% mortgage in Cardiff?

Most lenders are happy to accept a gifted deposit for a 90% mortgage in Cardiff, as long as the gift meets their guidelines. The funds are usually provided by a parent, grandparent, or another close family member, and must be given freely without repayment expected. Lenders typically request a signed statement confirming the nature of the gift before approving the mortgage. A gifted deposit can help buyers reach the 10% required or even increase their deposit to access more competitive deals. It’s important to discuss this early to ensure all paperwork is in order. With help from a mortgage advisor in Cardiff, you can receive clear mortgage advice on how to use a gifted deposit effectively when applying for a 90% mortgage.

90% LTV Mortgages in Cardiff

What is a 90% mortgage in Cardiff?

A 90% mortgage is a home loan where the lender provides 90% of the property’s purchase price, and you fund the other 10% through your deposit.

For example, a property in Cardiff costs around £269,000, so a 10% deposit would be approximately £26,900, with the remaining £242,100 financed by the lender.

Working with a mortgage advisor in Cardiff gives you access to expert mortgage advice and guidance on the most suitable 90% LTV deals available.

How much can I borrow as a first time buyer in Cardiff?

Securing a 90% LTV mortgage in Cardiff is possible for many applicants who meet a lender’s requirements.

Your affordability, credit history, and employment will all decide the outcome of your mortgage application.

Demonstrating reliable income and responsible money management can increase the likelihood of approval.

A mortgage broker in Cardiff can offer valuable mortgage advice, helping you understand which lenders are most likely to approve your 90% LTV mortgage and what steps to take before applying.

Can I get a higher than 90% LTV mortgage?

For those buying in Cardiff, saving a larger deposit, ideally 15% or 20%, can help you access more lenders and potentially reduce your mortgage costs.

Increasing your contribution also gives you greater flexibility when comparing available deals.

If you have family support, a gifted deposit can be a valuable addition to your savings.

A mortgage advisor can provide clear mortgage advice in Cardiff to help you prepare and move forward with confidence.

Speak to an Advisor

Important information

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

There may be a fee for mortgage advice. The fee is up to 1% but a typical fee is £495.

Frequently Asked 90% Mortgage Questions

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As a first time buyer and someone who doesnt know much about the process, Malcolm and the team were very informative and helpful during the entire process. We were allowed to ask a list of questions about our blind-spots to do with taking on a...

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Matthew

Can’t thank Cardiffmoneyman enough in helping me buy my first home. Leo my appointed advisor has been monumental in getting me the best deal and explaining the whole process and making it as easy as possible in what would be a stressful time. Also...

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Elizabeth

Excellent service . Dan explained equity release clearly and ensured I got the best interest rate.

1 year ago

Owain

Cardiffmoneyman have been fantastic at guiding me through the home buying process. Great and friendly communication with excellent pacing on the amount of information presented at once. Truly helped simplify the home buying process.

2 years ago

Charleigh

Very efficient, communication was excellant, and really helped as first time buyers advising the steps as we went!

2 years ago

Daniel

Matt has been brilliant throughout the whole process, very knowledgeable and helpful. The process has been smooth throughout. The application was submitted on Wednesday and the mortgage offer was approved by Friday! Talk about that for service.

2 years ago

Jane

I recently had the pleasure of working with UK Moneyman, and I couldn't be more impressed with the level of professionalism and care that they provided me. As someone with a poor credit rating at the age of 60, I never thought it would be possible...

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Josh

Leanne was very friendly, build up an instance rapport and helped me with my all questions prior to my meeting with another Advisor tomorrow. Thank you Leanne for your help. Josh 😀

3 years ago

Thomas

Cardiffmoneyman has been perfect for us as First Time Buyers. Charlie & Leo were both great at sorting everything out for us promptly and explaining things clearly. Everyone we’ve spoken has been super friendly and helpful. We’re very grateful...

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We were recommended to use Cardiffmoneyman, by friends who used them looking to remortgage. They were fantastic. From start to finish, we were kept informed throughout the entire process, and their working hours were handy, as I and my husband both...

5 years ago

Emma

Jason was great! Being self employed I thought I would never get a mortgage, but here we are and im happily moving into my new home. Couldn't have done this without you and your team, thank you!

5 years ago

Our Simple Mortgage Process

Free Initial Mortgage Appointment

Book a free initial appointment in Cardiff to discuss your mortgage goals and explore your options.

A mortgage advisor in Cardiff will assess your circumstances, answer your questions, and explain how a 90% mortgage could help you buy your home.

It’s an easy, obligation free initial mortgage appointment

We Can Search 1000s of Mortgage Deals

As a professional mortgage broker in Cardiff, we can search thousands of deals from across the market to find one that suits you.

We compare lenders, rates, and product features, giving you access to competitive choices that match your situation and goals.

Submit Your Mortgage Application

Once you’ve chosen the right deal, your mortgage advisor in Cardiff will submit your application and handle all communication with the lender.

We’ll guide you through each step, ensuring a straightforward and transparent experience from beginning to end.

Protecting You and Your Mortgage

After your mortgage is complete, we’ll help you explore ways to protect both your home and your financial future.

This includes reviewing insurance options such as life cover and income protection.

Our focus is on keeping you and your mortgage protected long after you move in.

Why choose Us

Free Initial Mortgage Appointment in Cardiff

Our free initial mortgage appointment in Cardiff allows you to discuss your situation with an experienced mortgage advisor.

Whether you’re buying your first home or reviewing your current deal, we’ll explore how a 90% mortgage in Cardiff could work for you.

There’s no obligation, just practical, reliable advice to help you make informed decisions about your next steps.

Search The Market

As your mortgage broker in Cardiff, we have access to 1000’s of mortgage products from multiple lenders across the market.

We’ll compare each option carefully, taking into account your financial goals and circumstances, to recommend a mortgage that suits you best.

Our aim is to make the process easier, quicker, and more transparent from start to finish.

Our Service

We pride ourselves on offering a personal and professional service that puts your needs first.

Your mortgage advisor will manage the process from beginning to end, handling communication with lenders, completing paperwork, and keeping you updated at every stage.

Our focus is on removing the stress and ensuring a smooth path to mortgage approval.

7 days a Week

We understand that arranging a mortgage doesn’t always fit into a Monday-to-Friday schedule.

That’s why our team is available seven days a week to offer advice and support at a time that suits you.

Whether you’re arranging a call after work or prefer a weekend appointment, your mortgage broker in Cardiff will be here to help you move forward with confidence.

Malcolm and Amy Davidson - Mortgage Advice in Newcastle

We Search 1000s of Mortgage Deals in Cardiff

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Cardiffmoneyman is a trading name of UKMM Limited, which is an appointed representative of Mortgage Advice Bureau (Derby) Limited, who are authorised and regulated by the Financial Conduct Authority.

UKMM Limited is Registered in England, No. 16541342 | Registered Address: Capital House, Pride Place, Pride Park, Derby, England, DE24 8QR.

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