Is it even worth trying to view properties?

Geraldchairplant

I am a first time buyer with a 10% deposit. I was looking at properties before lock down, obviously stopped during lock down and now want to start looking again. I am aware that there are very few 90% LTV mortgage around at the moment but I'm assuming there is a chance? I went to book  a viewing yesterday and the estate agent seemed very reluctant to book me in because I only have a 10% deposit.

So my question is- is it even worth me trying to view properties? I don't want to waste anyone's time and frankly I found the whole conversation with the agent quite embarrassing, like a was being silly even asking. In my opinion I would be a good candidate for a mortgage in that I have a very secure job (teaching) and my income will only go up. My landlord is selling next Spring so I am desperate to buy. It just all seems so futile at the moment.

SameOldRoundabout

There are certainly enough 90% products on the market to warrant you viewing. Do you have a current AIP? If you don’t it’s worth getting that sorted as some agents won’t let you view without. 

RelievedSheff

As above get an approval in principle in place and the estate agents will take you a bit more seriously.

nervousftbs

We've got an offer for a 90% LTV so definitely out there - try a broker if you are struggling! 

padlilly115

Get a broker!  I was feeling exactly the same as you, so we spoke to a broker who got us a decision in principle, which really helped show that we were serious and viable buyers with the estate agents (and having a broker tbh, we shared her details).  Had our offer accepted on a house and our broker somehow managed to get us a 90% LTV mortgage offer with HSBC in 5 working days (I was expecting 3+ weeks based on comments on this forum!).  I feel that in this climate a broker is a must.  

Good luck

HomeownerDreamer

If you are a teacher you could get a mortgage with Teachers Building Society who look like they have 90% ltv products at the moment
https://www.teachersbs.co.uk/mortgages-for-teachers/product-details/teacher-exclusive-2-year-fixed-rate-mortgage/202