Compare 60% LTV mortgages
Why are you looking for a mortgage?
Progressive Building Society 2 year discount remortgage for properties in Northern Ireland
Repayment mortgage of £168,000 over 25 years, representative APRC 4.4%. Repayments: 24 months of £632.39 at 0.99% (discount), then 276 months of £952.45 at 5% (variable). Total amount payable £278,053.56 which includes interest of £110,053.56. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of Northern Ireland
Are older than 18 years
Available Direct.
Remortgage only.
Self employed not accepted.
Available in branch only.
Additional criteria may apply.
Progressive Building Society 2 year discount remortgage for properties in Northern Ireland
Repayment mortgage of £168,000 over 25 years, representative APRC 4.4%. Repayments: 24 months of £640.01 at 1.09% (discount), then 276 months of £953.33 at 5% (variable). Total amount payable £278,479.32 which includes interest of £110,479.32. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of Northern Ireland
Are older than 18 years
Available Direct.
Remortgage only.
Self employed not accepted.
Available in branch only.
Additional criteria may apply.
Progressive Building Society 2 year discount remortgage for properties in Northern Ireland
Repayment mortgage of £168,000 over 25 years, representative APRC 4.4%. Repayments: 24 months of £647.70 at 1.19% (discount), then 276 months of £954.19 at 5% (variable). Total amount payable £278,901.24 which includes interest of £110,901.24. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of Northern Ireland
Are older than 18 years
Available Direct.
Remortgage only.
Self employed not accepted.
Available in branch only.
Additional criteria may apply.
Furness Building Society 2 year discount cashback mortgage
Repayment mortgage of £168,000 over 25 years, representative APRC 5%. Repayments: 24 months of £655.44 at 1.29% (discount), then 276 months of £1,013.08 at 5.64% (variable). Total amount payable £296,339.64 which includes interest of £127,340.64. Product Fee (£999) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 80 years
Additional criteria may apply.
Scottish Building Society 2 year discount for properties in Scotland
Repayment mortgage of £168,000 over 25 years, representative APRC 4.7%. Repayments: 24 months of £671.10 at 1.49% (discount), then 276 months of £973.83 at 5.19% (variable). Total amount payable £285,878.48 which includes interest of £116,883.48. Arrangement Fee (£995) paid upfront. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of Scotland
Are older than 18 years
Available Direct.
Max age at term end: 85 years
Minimum income £40,000
Available in branch only.
Additional criteria may apply.
Scottish Building Society 2 year discount for properties in Scotland
Repayment mortgage of £168,000 over 25 years, representative APRC 4.7%. Repayments: 24 months of £671.10 at 1.49% (discount), then 276 months of £973.83 at 5.19% (variable). Total amount payable £285,878.48 which includes interest of £116,883.48. Arrangement Fee (£995) paid upfront. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of Scotland
Are older than 18 years
Available Direct.
Max age at term end: 85 years
Minimum income £40,000
Available in branch only.
Additional criteria may apply.
Scottish Building Society 2 year discount
Repayment mortgage of £168,000 over 25 years, representative APRC 4.7%. Repayments: 24 months of £671.10 at 1.49% (discount), then 276 months of £973.83 at 5.19% (variable). Total amount payable £285,878.48 which includes interest of £116,883.48. Arrangement Fee (£995) paid upfront. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are older than 18 years
Available Direct.
Max age at term end: 85 years
Minimum income £40,000
Available in branch only.
Additional criteria may apply.
Scottish Building Society 2 year discount
Repayment mortgage of £168,000 over 25 years, representative APRC 4.7%. Repayments: 24 months of £671.10 at 1.49% (discount), then 276 months of £973.83 at 5.19% (variable). Total amount payable £285,878.48 which includes interest of £116,883.48. Arrangement Fee (£995) paid upfront. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are older than 18 years
Available Direct.
Max age at term end: 85 years
Minimum income £40,000
Available in branch only.
Additional criteria may apply.
Newcastle Building Society 2 year discount
Repayment mortgage of £168,000 over 25 years, representative APRC 3.6%. Repayments: 27 months of £671.89 at 1.5% (discount), then 273 months of £864.09 at 3.96% (variable). Total amount payable £255,036.60 which includes interest of £86,037.60. Product Fee (£999) with an option to add to the loan. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Scotland
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 80 years
Available via telephone only.
Additional criteria may apply.
Beverley 2 year discount remortgage
Repayment mortgage of £168,000 over 25 years, representative APRC 4.6%. Repayments: 24 months of £673.47 at 1.52% (discount), then 276 months of £956.11 at 4.99% (variable). Total amount payable £281,944.64 which includes interest of £112,049.64. Completion Fee (£1,895) with an option to add to the loan. Early repayment charges apply. Fees are assumed to be paid upfront. Other fees may apply.
Eligibility
You must meet the following criteria in order to get this loan:
Are resident of England
Are resident of Wales
Are older than 18 years
Available Direct.
Max age at term end: 85 years
Remortgage only.
Additional criteria may apply.
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 better the rate. 60% LTV is the lowest threshold and offers the cheapest rates.
Why get a 60% LTV mortgage?
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.
Loan to value (LTV) is how big your deposit is relative to the value of the property. The bigger your deposit the lower your loan to value ratio. In this case, if you were interested in a property worth £300,000, you would need to save a deposit of £120,000 to unlock these interest rates.
60% LTV mortgages is typically the lowest threshold offered by lenders, giving the best interest rates and cheap mortgages.
How to afford a 60% LTV mortgage
To be eligible for a 60% LTV mortgage, you will need to save up a deposit of 40%. Given the ever-rising cost of houses in the UK, saving this amount can be easier said than done.
Most people raise the money for a 40% deposit when they've already owned property before, typically from the sale of their home, or savings accrued over many years. So these mortgages are generally more difficult to get if you're a first time buyer.
Getting the best mortgage deal
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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