closedownarrowlogo-verticalmenu-barsearch Skip to main content

60% Loan to Value (LTV) Mortgages

A 60% mortgage is a very competitive loan-to-value ratio, so there are a huge range of mortgage products available.

60 %

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.

Loading
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
Discounted 30/04/2019
Initial rate
0.98%then 4.74% (variable)
Fees
£1,972fees
Overall cost
4.3%APRC
Monthly cost
£601.55 for 24 months then £885.11 (variable)
for 276 months
Am I eligible?
Please ensure you meet these criteria:
  • Are resident of England, Scotland, Wales
  • Are older than 18 and younger than 75 at mortgage end
  • Have no repossessions

Additional criteria may apply

Assumed application completion date of 30/04/2017. Repayment mortgage of £160,000 with 300 monthly repayments. Total amount payable £260,698: Interest (£98,726); Application fee (£1,495); Valuation fee (£270); Legal fee (£117); Mortgage discharge fee (£90); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed 30/04/2019
Initial rate
0.99%then 4.74% (variable)
Fees
£1,972fees
Overall cost
4.3%APRC
Monthly cost
£602.27 for 24 months then £885.19 (variable)
for 276 months
Am I eligible?
Please ensure you meet these criteria:
  • Are resident of England, Scotland, Wales
  • Are older than 18 and younger than 75 at mortgage end
  • Have no repossessions

Additional criteria may apply

Assumed application completion date of 30/04/2017. Repayment mortgage of £160,000 with 300 monthly repayments. Total amount payable £260,738: Interest (£98,766); Application fee (£1,495); Valuation fee (£270); Legal fee (£117); Mortgage discharge fee (£90); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed 30/06/2019
Initial rate
1.14%then 3.69% (variable)
Fees
£1,301fees
Overall cost
3.4%APRC
Monthly cost
£613.19 for 24 months then £800.72 (variable)
for 276 months
Am I eligible?
Please ensure you meet these criteria:
  • Are resident of England, Scotland, Wales, Northern Ireland
  • Are older than 18
  • Have no CCJs, arrears, defaults, bankruptcies, repossessions

Additional criteria may apply

Assumed application completion date of 30/06/2017. Repayment mortgage of £160,000 with 300 monthly repayments. Total amount payable £237,017: Interest (£75,716); Booking fee (£99); Application fee (£650); Valuation fee (£227); Legal fee (£295); Funds transfer fee (£30); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed 30/06/2019
Initial rate
1.14%then 3.69% (variable)
Fees
£1,551fees
Overall cost
3.4%APRC
Monthly cost
£613.19 for 24 months then £800.72 (variable)
for 276 months
Am I eligible?
Please ensure you meet these criteria:
  • Are resident of England, Scotland, Wales, Northern Ireland
  • Are older than 18
  • Have no CCJs, arrears, defaults, bankruptcies, repossessions

Additional criteria may apply

Assumed application completion date of 30/06/2017. Repayment mortgage of £160,000 with 300 monthly repayments. Total amount payable £237,267: Interest (£75,716); Booking fee (£99); Application fee (£900); Valuation fee (£227); Legal fee (£295); Funds transfer fee (£30); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker 27/03/2019
Initial rate
1.15%then 3.74% (variable)
Fees
£1,259fees
Overall cost
3.4%APRC
Monthly cost
£613.92 for 24 months then £804.77 (variable)
for 276 months
Am I eligible?
Please ensure you meet these criteria:
  • Are resident of England, Scotland, Wales, Northern Ireland
  • Are older than 18 and younger than 75 at mortgage end
  • Have no repossessions

Additional criteria may apply

Assumed application completion date of 27/03/2017. Repayment mortgage of £160,000 with 300 monthly repayments. Total amount payable £238,108: Interest (£76,850); Application fee (£999); Legal fee (£175); Funds transfer fee (£20); Mortgage discharge fee (£65); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker 27/03/2019
Initial rate
1.15%then 3.74% (variable)
Fees
£1,259fees
Overall cost
3.4%APRC
Monthly cost
£613.92 for 24 months then £804.77 (variable)
for 276 months
Am I eligible?
Please ensure you meet these criteria:
  • Are resident of England, Scotland, Wales, Northern Ireland
  • Are older than 18 and younger than 75 at mortgage end
  • Have no repossessions

Additional criteria may apply

Assumed application completion date of 27/03/2017. Repayment mortgage of £160,000 with 300 monthly repayments. Total amount payable £238,108: Interest (£76,850); Application fee (£999); Legal fee (£175); Funds transfer fee (£20); Mortgage discharge fee (£65); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker 30/04/2019
Initial rate
1.15%then 4.74% (variable)
Fees
£1,355fees
Overall cost
4.3%APRC
Monthly cost
£613.92 for 24 months then £886.48 (variable)
for 276 months
Am I eligible?
Please ensure you meet these criteria:
  • Are resident of England, Scotland, Wales
  • Are older than 18 and younger than 75 at mortgage end
  • Have no repossessions

Additional criteria may apply

Assumed application completion date of 30/04/2017. Repayment mortgage of £160,000 with 300 monthly repayments. Total amount payable £260,758: Interest (£99,403); Application fee (£995); Valuation fee (£270); Mortgage discharge fee (£90); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Discounted 30/04/2019
Initial rate
1.15%then 4.74% (variable)
Fees
£1,472fees
Overall cost
4.3%APRC
Monthly cost
£613.92 for 24 months then £886.48 (variable)
for 276 months
Am I eligible?
Please ensure you meet these criteria:
  • Are resident of England, Scotland, Wales
  • Are older than 18 and younger than 75 at mortgage end
  • Have no repossessions

Additional criteria may apply

Assumed application completion date of 30/04/2017. Repayment mortgage of £160,000 with 300 monthly repayments. Total amount payable £260,875: Interest (£99,403); Application fee (£995); Valuation fee (£270); Legal fee (£117); Mortgage discharge fee (£90); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Discounted 30/06/2019
Initial rate
1.15%then 4.74% (variable)
Fees
£1,602fees
Overall cost
4.3%APRC
Monthly cost
£613.92 for 24 months then £886.48 (variable)
for 276 months
Am I eligible?
Please ensure you meet these criteria:
  • Are resident of England, Scotland, Wales
  • Are older than 18 and younger than 75 at mortgage end
  • Have no repossessions

Additional criteria may apply

Assumed application completion date of 30/06/2017. Repayment mortgage of £160,000 with 300 monthly repayments. Total amount payable £261,005: Interest (£99,403); Booking fee (£130); Application fee (£995); Valuation fee (£270); Legal fee (£117); Mortgage discharge fee (£90); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed 30/04/2019
Initial rate
1.16%then 4.74% (variable)
Fees
£1,972fees
Overall cost
4.3%APRC
Monthly cost
£614.66 for 24 months then £886.56 (variable)
for 276 months
Am I eligible?
Please ensure you meet these criteria:
  • Are resident of England, Scotland, Wales
  • Are older than 18 and younger than 75 at mortgage end
  • Have no repossessions

Additional criteria may apply

Assumed application completion date of 30/04/2017. Repayment mortgage of £160,000 with 300 monthly repayments. Total amount payable £261,415: Interest (£99,443); Application fee (£1,495); Valuation fee (£270); Legal fee (£117); Mortgage discharge fee (£90); Fees are assumed to be paid up front and not included in the amount borrowed.
Show more

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

What is a 60% LTV mortgage?

A 60% LTV mortgage is a mortgage available to those who can produce a deposit of at least 40% of the value of the property they’re buying or remortgaging.

The mortgage rate you can apply for is decided by LTV thresholds, the lower the threshold the cheaper the rate. 60% LTV is the lowest threshold and offers the cheapest rates.

What are the advantages of a 60% LTV mortgage?

LTV (loan to value) is how big your deposit is relative to the value of the property. The bigger your deposit the lower your loan to value ratio.

Importantly the lower your loan to value ratio, the lower your interest rate will be. This is because the lender will consider you a less risky borrower, as you have in effect already bought outright a percentage of your home.

60% LTV mortgages is typically the lowest threshold offered by lenders, giving the lowest interest rates and cheapest mortgages.

How to get a 60% LTV mortgage

Most people raise the money for a 40% deposit from the sale of their home, or savings accrued over many years. So these mortgages are not typically aimed at first time buyers.

As 60% LTV is the threshold for the lowest rates, if you can almost reach it, it’s well worth scrimping and saving a bit more to get a 40% deposit.

The lower rates and lower repayments you’ll receive with a 60% LTV will save you thousands over the course of your mortgage.

Compare other LTV mortgages

uSwitch is authorised and regulated by the Financial Conduct Authority (FRN 312850) to provide this mortgage comparison service.

uSwitch services are provided at no cost to you, but we may receive a commission from the companies we refer you to.