Compare 65% LTV mortgages
Why are you looking for a mortgage?
Chorley Building Society 2 year discount
Repayment mortgage of £182,000 over 25 years, representative APRC 5.5%. Repayments: 24 months of £775.85 at 2.05% (discount), then 276 months of £1,140.16 at 5.99% (variable). Total amount payable £334,669.56 which includes interest of £151,304.56. Scheme fee of £1,365. 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.
Available in branch only.
Additional criteria may apply.
Chorley Building Society 2 year discount
Repayment mortgage of £182,000 over 25 years, representative APRC 5.5%. Repayments: 24 months of £775.85 at 2.05% (discount), then 276 months of £1,140.16 at 5.99% (variable). Total amount payable £334,669.56 which includes interest of £151,304.56. Scheme fee of £1,365. 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 via brokers only.
Additional criteria may apply.
Chorley Building Society 2 year discount remortgage
Repayment mortgage of £182,000 over 25 years, representative APRC 5.4%. Repayments: 24 months of £775.85 at 2.05% (discount), then 276 months of £1,140.16 at 5.99% (variable). Total amount payable £334,303.56 which includes interest of £151,304.56. Scheme 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 Wales
Are older than 18 years
Remortgage only.
Available via brokers only.
Additional criteria may apply.
Chorley Building Society 2 year discount remortgage
Repayment mortgage of £182,000 over 25 years, representative APRC 5.4%. Repayments: 24 months of £775.85 at 2.05% (discount), then 276 months of £1,140.16 at 5.99% (variable). Total amount payable £334,303.56 which includes interest of £151,304.56. Scheme 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 Wales
Are older than 18 years
Available Direct.
Remortgage only.
Available in branch only.
Additional criteria may apply.
Hinckley & Rugby Building Society 2 year discount cashback remortgage
Repayment mortgage of £182,000 over 25 years, representative APRC 5.4%. Repayments: 24 months of £789.26 at 2.2% (discount), then 36 months of £1,022.40 at 4.79% (discount), then 240 months of £1,170.04 at 6.44% (variable). Total amount payable £337,557.24 which includes interest of £154,558.24. Application Fee (£199) paid upfront. Arrangement Fee (£800) 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 application: 80 years
Max age at term end: 85 years
Minimum income £10,000
Remortgage only.
Additional criteria may apply.
Hinckley & Rugby Building Society 2 year discount cashback remortgage
Repayment mortgage of £182,000 over 25 years, representative APRC 5.4%. Repayments: 24 months of £789.26 at 2.2% (discount), then 36 months of £1,022.40 at 4.79% (discount), then 240 months of £1,170.04 at 6.44% (variable). Total amount payable £336,757.24 which includes interest of £154,558.24. Application Fee (£199) 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 resident of Wales
Are older than 18 years
Available Direct.
Max age at application: 80 years
Max age at term end: 85 years
Minimum income £10,000
Remortgage only.
Additional criteria may apply.
Progressive Building Society 2 year discount remortgage for properties in Northern Ireland
Repayment mortgage of £182,000 over 25 years, representative APRC 5.4%. Repayments: 24 months of £791.96 at 2.23% (discount), then 276 months of £1,141.87 at 5.99% (variable). Total amount payable £334,163.16 which includes interest of £152,163.16. 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.
Stafford Railway 2 year discount
Repayment mortgage of £182,000 over 25 years, representative APRC 3.5%. Repayments: 24 months of £792.86 at 2.24% (discount), then 276 months of £925.00 at 3.75% (variable). Total amount payable £274,428.64 which includes interest of £92,328.64. Application Fee (£100) paid upfront (non-refundable). 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
Self employed not accepted.
Additional criteria may apply.
Bath Building Society 2 year discount
Repayment mortgage of £182,000 over 25 years, representative APRC 5.5%. Repayments: 24 months of £797.37 at 2.29% (discount), then 276 months of £1,142.43 at 5.99% (variable). Total amount payable £335,446.56 which includes interest of £152,447.56. 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
Minimum income £20,000
Available via brokers only.
Additional criteria may apply.
Progressive Building Society 2 year discount remortgage for properties in Northern Ireland
Repayment mortgage of £182,000 over 25 years, representative APRC 5.4%. Repayments: 24 months of £800.99 at 2.33% (discount), then 276 months of £1,142.80 at 5.99% (variable). Total amount payable £334,636.56 which includes interest of £152,636.56. 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.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
What is a 65% LTV mortgage?
LTV, which stands for , is the proportion of the value of the property you’re borrowing to buy or remortgage. A 65% LTV mortgage is one where 65% is the maximum percentage you can borrow.
If you can put down a deposit of 35% of the property’s value you are eligible to apply for a 65% LTV mortgage. For example, you’re buying a £200,000 property and have a deposit of £70,000 so are borrowing £130,000.
Mortgage rates are determined by LTVs, which are set at incremental thresholds between 60% and 100%. The rates offered become lower with smaller LTVs as they are less risky for the lender. 65% LTV mortgages are close to the cheapest.
Is 65% LTV a good ratio?
Mortgages can go up to 95% LTV so a 65% LTV mortgage is at the lower end of the scale. This means you’ll be paying a relatively low interest rate for your mortgage compared to mortgages with a higher LTV, and therefore smaller mortgage repayments, as you’re a lower-risk borrower.
This is because, if you can’t repay your mortgage, the lender will have to repossess the property to sell it and get its money back so the lower the LTV the more chance there is that it will be able to get enough for the property to clear the loan as it could have gone down in value.
Although 65% is a fairly low LTV, most mortgages either go up to a maximum of 75% LTV or 60% LTV. If you have an LTV of 65% you’ll probably have to get a 75% LTV mortgage, which will be more expensive than a 60% LTV one.
For this reason, it’s worth saving up a bigger deposit so that you’re eligible for a 60% deal or buying a cheaper property so you don’t have to borrow as much and can stay within 60% LTV. Whether this is best for you, however, will depend on your finances and what you can afford to pay in mortgage repayments each month.
What are the benefits of a 65% LTV mortgage?
If you can put down a bigger deposit your LTV will be correspondingly lower. This is important because a lower LTV will get you a lower interest rate and cheaper monthly repayments, which could also mean you can afford to borrow more and buy a more expensive property.
With a 65% LTV it’s likely you’ll pay the same interest rate as if you were borrowing up to 75% LTV as mortgages tend to either have maximum LTVs of 75% or 60%. However, you’ll be paying close to the lowest rates as the cheapest mortgages usually let you borrow up to 60% LTV.
Also, the smaller the amount you borrow the lower your monthly repayments will obviously be.
Getting a 65% LTV mortgage
Raising a 35% deposit takes most people many years of saving, or will be raised by the sale of their last home, so it’s rare for first-time buyers to be able to apply for a 65% LTV mortgage.
If you are moving, downsizing to a lower-value home could get you a bigger deposit and make a 65% LTV mortgage a possibility. Just make sure you hold onto enough cash to pay for all the costs of buying and selling a home.
Aiming for 65% or 60% LTV if possible will be worth it in the long run as the lower rates and smaller repayments could save you thousands, even tens of thousands, of pounds over the life of the loan.
Last updated: 21 December 2021
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