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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.

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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
Discounted 31/01/2019
Initial rate
0.98%then 4.74% (variable)
Fees
£1,972fees
Overall cost
4.1%APRC
Monthly cost
£601.55 for 24 months then £885.11 (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
  • Up to 65.0% loan-to-value (LTV) available.
  • Eligible for first-time buyers, home movers.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/01/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £260,698 includes: Loan amount (£160,000); Interest (£98,726); Application fee (£1,495); 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 31/03/2019
Initial rate
0.99%then 3.69% (variable)
Fees
£2,051fees
Overall cost
3.3%APRC
Monthly cost
£602.27 for 24 months then £799.62 (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
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for shared ownership
  • Up to 65.0% loan-to-value (LTV) available.
  • Eligible for first-time buyers, home movers.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/03/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £237,202 includes: Loan amount (£160,000); Interest (£75,151); Booking fee (£249); Application fee (£1,250); Valuation fee (£227); Legal fee (£295); Funds transfer fee (£30); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed 05/12/2018
Initial rate
1.09%then 3.69% (variable)
Fees
£1,707fees
Overall cost
3.3%APRC
Monthly cost
£609.54 for 24 months then £800.36 (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
  • Up to 60.0% loan-to-value (LTV) available.
  • Eligible for first-time buyers, home movers.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 05/12/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £237,235 includes: Loan amount (£160,000); Interest (£75,528); Booking fee (£1,450); Valuation fee (£227); Funds transfer fee (£30); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed 31/03/2019
Initial rate
1.09%then 3.69% (variable)
Fees
£1,551fees
Overall cost
3.3%APRC
Monthly cost
£609.54 for 24 months then £800.36 (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
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for shared ownership
  • Up to 60.0% loan-to-value (LTV) available.
  • Eligible for first-time buyers, home movers.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/03/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £237,079 includes: Loan amount (£160,000); Interest (£75,528); Booking fee (£99); Application fee (£900); Valuation fee (£227); Legal fee (£295); Funds transfer fee (£30); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed 31/03/2019
Initial rate
1.09%then 3.69% (variable)
Fees
£1,301fees
Overall cost
3.3%APRC
Monthly cost
£609.54 for 24 months then £800.36 (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
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for shared ownership
  • Available for existing customers only
  • Up to 60.0% loan-to-value (LTV) available.
  • Eligible for first-time buyers, home movers.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/03/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £236,829 includes: Loan amount (£160,000); Interest (£75,528); Booking fee (£99); Application fee (£650); Valuation fee (£227); Legal fee (£295); Funds transfer fee (£30); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed 31/03/2019
Initial rate
1.09%then 3.69% (variable)
Fees
£1,551fees
Overall cost
3.3%APRC
Monthly cost
£609.54 for 24 months then £800.36 (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
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Available for shared ownership
  • Up to 60.0% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/03/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £237,079 includes: Loan amount (£160,000); Interest (£75,528); Booking fee (£99); Application fee (£900); Valuation fee (£227); Legal fee (£295); Funds transfer fee (£30); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker 28/02/2019
Initial rate
1.14%then 3.74% (variable)
Fees
£1,480fees
Overall cost
0.1%APRC
Monthly cost
£152.00 for 24 months then £487.30 (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
  • Up to 60.0% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 28/02/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £139,622 includes: Loan amount (£160,000); Interest (-£21,858); Application fee (£995); Valuation fee (£450); Funds transfer fee (£35); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker 28/02/2019
Initial rate
1.14%then 3.74% (variable)
Fees
£1,480fees
Overall cost
0.1%APRC
Monthly cost
£152.00 for 24 months then £487.30 (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
  • Up to 60.0% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 28/02/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £139,622 includes: Loan amount (£160,000); Interest (-£21,858); Application fee (£995); Valuation fee (£450); Funds transfer fee (£35); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker 28/02/2019
Initial rate
1.14%then 3.74% (variable)
Fees
£1,480fees
Overall cost
0.1%APRC
Monthly cost
£152.00 for 24 months then £487.30 (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
  • Up to 60.0% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 28/02/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £139,622 includes: Loan amount (£160,000); Interest (-£21,858); Application fee (£995); Valuation fee (£450); Funds transfer fee (£35); Mortgage discharge fee (£0); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Discounted 31/01/2019
Initial rate
1.15%then 4.74% (variable)
Fees
£1,602fees
Overall cost
4.2%APRC
Monthly cost
£613.92 for 24 months then £886.48 (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 65.0% loan-to-value (LTV) available.
  • Eligible for home movers.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/01/2017. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £261,005 includes: Loan amount (£160,000); Interest (£99,403); 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.
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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

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