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100% Loan to Value (LTV) Mortgages

A 100% mortgage can help you get on the property ladder with no deposit, but there are specific criteria you need to meet.

100 %

Repayment
Repay both the amount borrowed and the interest, so over time you pay back the loan.

Interest only
Only pay back the interest. That means lower monthly costs but your repayments alone will not pay back the loan.

Repayment
Repay both the amount borrowed and the interest, so over time you pay back the loan.

Interest only
Only pay back the interest. That means lower monthly costs but your repayments alone will not pay back the loan.

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Rate type Initial rate Fees Overall cost
APRC

Overall costs for comparison. This is a way of comparing most costs including interest and fees.

Monthly cost
Rate type
Fixed until 01/11/2018
Initial rate
2.6%then 4.54% (variable)
Fees
£505fees
Overall cost
4.3%APRC
Monthly cost
£725.87 for 24 months then £880.58 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Wales
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 150% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 01/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £260,967 includes: Loan amount (£160,000); Interest (£100,462); Valuation fee (£275); Legal fee (£150); Funds transfer fee (£30); Mortgage discharge fee (£50); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 01/11/2018
Initial rate
2.6%then 4.54% (variable)
Fees
£505fees
Overall cost
4.3%APRC
Monthly cost
£725.87 for 24 months then £880.58 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Scotland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 150% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 01/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £260,967 includes: Loan amount (£160,000); Interest (£100,462); Valuation fee (£275); Legal fee (£150); Funds transfer fee (£30); Mortgage discharge fee (£50); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 01/11/2018
Initial rate
2.6%then 4.54% (variable)
Fees
£505fees
Overall cost
4.3%APRC
Monthly cost
£725.87 for 24 months then £880.58 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 150% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 01/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £260,967 includes: Loan amount (£160,000); Interest (£100,462); Valuation fee (£275); Legal fee (£150); Funds transfer fee (£30); Mortgage discharge fee (£50); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/12/2018
Initial rate
2.99%then 3.74% (variable)
Fees
£115fees
Overall cost
3.7%APRC
Monthly cost
£757.91 for 24 months then £817.22 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 70 or younger at mortgage end
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 105% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/12/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £243,858 includes: Loan amount (£160,000); Interest (£83,743); Funds transfer fee (£35); Mortgage discharge fee (£80); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
3.19%then 3.99% (variable)
Fees
£550fees
Overall cost
3.9%APRC
Monthly cost
£774.64 for 24 months then £838.82 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 21 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 120% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £250,657 includes: Loan amount (£160,000); Interest (£90,107); Valuation fee (£330); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
3.29%then 3.99% (variable)
Fees
£550fees
Overall cost
4.0%APRC
Monthly cost
£783.09 for 24 months then £839.45 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 120% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £251,032 includes: Loan amount (£160,000); Interest (£90,482); Valuation fee (£330); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 01/11/2021
Initial rate
3.39%then 4.54% (variable)
Fees
£505fees
Overall cost
4.2%APRC
Monthly cost
£791.59 for 60 months then £874.96 (variable)
for 240 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Wales
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 150% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 01/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £257,991 includes: Loan amount (£160,000); Interest (£97,486); Valuation fee (£275); Legal fee (£150); Funds transfer fee (£30); Mortgage discharge fee (£50); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 01/11/2021
Initial rate
3.39%then 4.54% (variable)
Fees
£505fees
Overall cost
4.2%APRC
Monthly cost
£791.59 for 60 months then £874.96 (variable)
for 240 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Scotland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 150% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 01/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £257,991 includes: Loan amount (£160,000); Interest (£97,486); Valuation fee (£275); Legal fee (£150); Funds transfer fee (£30); Mortgage discharge fee (£50); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 01/11/2021
Initial rate
3.39%then 4.54% (variable)
Fees
£505fees
Overall cost
4.2%APRC
Monthly cost
£791.59 for 60 months then £874.96 (variable)
for 240 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 150% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 01/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £257,991 includes: Loan amount (£160,000); Interest (£97,486); Valuation fee (£275); Legal fee (£150); Funds transfer fee (£30); Mortgage discharge fee (£50); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/09/2019
Initial rate
3.55%then 4.24% (variable)
Fees
£585fees
Overall cost
4.2%APRC
Monthly cost
£805.29 for 36 months then £859.62 (variable)
for 264 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Northern Ireland
  • Aged 18 or older
  • 70 or younger at mortgage end
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 150% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/09/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £256,516 includes: Loan amount (£160,000); Interest (£95,931); Valuation fee (£360); Funds transfer fee (£30); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/09/2019
Initial rate
3.55%then 4.24% (variable)
Fees
£585fees
Overall cost
4.2%APRC
Monthly cost
£805.29 for 36 months then £859.62 (variable)
for 264 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Northern Ireland
  • Aged 18 or older
  • 70 or younger at mortgage end
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 150% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/09/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £256,516 includes: Loan amount (£160,000); Interest (£95,931); Valuation fee (£360); Funds transfer fee (£30); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2019
Initial rate
3.59%then 3.99% (variable)
Fees
£550fees
Overall cost
4.0%APRC
Monthly cost
£808.74 for 36 months then £840.07 (variable)
for 264 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 21 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 120% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £251,444 includes: Loan amount (£160,000); Interest (£90,894); Valuation fee (£330); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2019
Initial rate
3.69%then 3.99% (variable)
Fees
£550fees
Overall cost
4.0%APRC
Monthly cost
£817.39 for 36 months then £840.98 (variable)
for 264 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 80 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 120% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £251,995 includes: Loan amount (£160,000); Interest (£91,445); Valuation fee (£330); Funds transfer fee (£25); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 01/11/2018
Initial rate
3.75%then 4.54% (variable)
Fees
£505fees
Overall cost
4.5%APRC
Monthly cost
£822.61 for 24 months then £888.20 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 150% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 01/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £265,392 includes: Loan amount (£160,000); Interest (£104,887); Valuation fee (£275); Legal fee (£150); Funds transfer fee (£30); Mortgage discharge fee (£50); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/09/2021
Initial rate
3.99%then 4.24% (variable)
Fees
£585fees
Overall cost
4.2%APRC
Monthly cost
£843.66 for 60 months then £862.12 (variable)
for 240 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Northern Ireland
  • Aged 18 or older
  • 70 or younger at mortgage end
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 150% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/09/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £258,112 includes: Loan amount (£160,000); Interest (£97,527); Valuation fee (£360); Funds transfer fee (£30); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/09/2021
Initial rate
3.99%then 4.24% (variable)
Fees
£585fees
Overall cost
4.2%APRC
Monthly cost
£843.66 for 60 months then £862.12 (variable)
for 240 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Northern Ireland
  • Aged 18 or older
  • 70 or younger at mortgage end
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 150% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/09/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £258,112 includes: Loan amount (£160,000); Interest (£97,527); Valuation fee (£360); Funds transfer fee (£30); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/12/2018
Initial rate
3.99%then 4.9% (variable)
Fees
£1,355fees
Overall cost
4.9%APRC
Monthly cost
£843.66 for 24 months then £920.54 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 150% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/12/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £275,671 includes: Loan amount (£160,000); Interest (£114,316); Application fee (£995); Valuation fee (£270); Funds transfer fee (£0); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/12/2018
Initial rate
4.04%then 4.74% (variable)
Fees
£1,602fees
Overall cost
4.7%APRC
Monthly cost
£848.08 for 24 months then £907.07 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 100% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/12/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £272,307 includes: Loan amount (£160,000); Interest (£110,705); Booking fee (£130); Application fee (£995); Valuation fee (£270); Legal fee (£117); Funds transfer fee (£0); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/12/2018
Initial rate
4.04%then 5.54% (variable)
Fees
£1,085fees
Overall cost
5.4%APRC
Monthly cost
£848.08 for 24 months then £977.07 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Scotland, Wales, Northern Ireland
  • Aged 18 or older
  • 75 or younger at mortgage end
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 100% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/12/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £291,109 includes: Loan amount (£160,000); Interest (£130,024); Application fee (£995); Funds transfer fee (£0); Mortgage discharge fee (£90); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/09/2019
Initial rate
4.05%then 4.24% (variable)
Fees
£585fees
Overall cost
4.3%APRC
Monthly cost
£848.96 for 36 months then £864.20 (variable)
for 264 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: Northern Ireland
  • Aged 18 or older
  • 70 or younger at mortgage end
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 150% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/09/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £259,297 includes: Loan amount (£160,000); Interest (£98,712); Valuation fee (£360); Funds transfer fee (£30); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Frequently asked questions

A 100% LTV mortgage is one of the most controversial types of mortgage available, but how do they work and what should you be aware of?

What is a 100% LTV mortgage?

A typical mortgage will calculate how much the lender can afford to lend you at a given rate. So, if you earn £30,000 a year, a lender will usually be able to lend you 4 times that; £120,000.

Now, if you had £20,000 saved for instance you would be able to add that to the total you can borrow to get a property. In our example, a £140,000 house with £120,000 of borrowing is an 85% LTV, as the ratio of borrowing to house value is 85%.

But what if you have no deposit? What if you want to borrow the full 100%? That’s what a 100% LTV mortgage is for.

Why would I not get a 100% LTV mortgage?

Unlike a typical mortgage a 100% LTV requires no up-front deposit. While this is fantastic for those with no savings looking to get on the property ladder, it does typically mean the lender will charge a higher level of interest to compensate for the additional risk.

Therefore, if you do have a deposit you are more likely to get a cheaper mortgage overall by putting forward some money and going for a lower loan-to-value mortgage.

Furthermore, as 100% LTV mortgages are high-risk they are often limited. They may be limited to existing borrowers, or in some cases they are only released in a limited amount to help restrict the overall risk the lender is taking on.

In some cases 100% LTV mortgages may only be available if you have guarantor – namely someone willing to take on the risk associated for the mortgage.

This means that they will take responsibility if you fail to keep up your payments, but this could lead to them having their home repossessed.

Looking for a different LTV?

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