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Compare 80% LTV mortgages

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You have a 80% loan-to-value (LTV). We found 867 results for you
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Progressive Building Society 2 year discount remortgage for properties in Northern Ireland

Initial rate
2.43% for 2 years
Fees
£0
APRC
5.4% overall cost
Monthly cost
£997.02 for 24 months
Representative example:

Repayment mortgage of £224,000 over 25 years, representative APRC 5.4%. Repayments: 24 months of £997.02 at 2.43% (discount), then 276 months of £1,407.66 at 5.99% (variable). Total amount payable £412,442.64 which includes interest of £188,442.64. 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.

Hinckley & Rugby Building Society 2 year discount cashback remortgage

Initial rate
2.45% for 2 years
Fees
£999
APRC
5.9% overall cost
Monthly cost
£999.27 for 60 months
Representative example:

Repayment mortgage of £224,000 over 25 years, representative APRC 5.9%. Repayments: 24 months of £999.27 at 2.45% (discount), then 36 months of £1,321.14 at 5.29% (discount), then 240 months of £1,508.00 at 6.94% (variable). Total amount payable £434,462.52 which includes interest of £209,463.52. 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

Initial rate
2.45% for 2 years
Fees
£999
APRC
5.9% overall cost
Monthly cost
£999.27 for 60 months
Representative example:

Repayment mortgage of £224,000 over 25 years, representative APRC 5.9%. Repayments: 24 months of £999.27 at 2.45% (discount), then 36 months of £1,321.14 at 5.29% (discount), then 240 months of £1,508.00 at 6.94% (variable). Total amount payable £434,462.52 which includes interest of £209,463.52. 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.

Available via lender only

Chorley Building Society 2 year discount

Initial rate
2.5% for 2 years
Fees
£1680
APRC
6% overall cost
Monthly cost
£1004.90 for 24 months
Representative example:

Repayment mortgage of £224,000 over 25 years, representative APRC 6%. Repayments: 24 months of £1,004.90 at 2.5% (discount), then 276 months of £1,472.12 at 6.49% (variable). Total amount payable £432,102.72 which includes interest of £206,422.72. Scheme fee of £1,680. 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

Initial rate
2.5% for 2 years
Fees
£1680
APRC
6% overall cost
Monthly cost
£1004.90 for 24 months
Representative example:

Repayment mortgage of £224,000 over 25 years, representative APRC 6%. Repayments: 24 months of £1,004.90 at 2.5% (discount), then 276 months of £1,472.12 at 6.49% (variable). Total amount payable £432,102.72 which includes interest of £206,422.72. Scheme fee of £1,680. 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

Initial rate
2.5% for 2 years
Fees
£999
APRC
5.9% overall cost
Monthly cost
£1004.90 for 24 months
Representative example:

Repayment mortgage of £224,000 over 25 years, representative APRC 5.9%. Repayments: 24 months of £1,004.90 at 2.5% (discount), then 276 months of £1,472.12 at 6.49% (variable). Total amount payable £431,421.72 which includes interest of £206,422.72. 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.

Available via lender only

Chorley Building Society 2 year discount remortgage

Initial rate
2.5% for 2 years
Fees
£999
APRC
5.9% overall cost
Monthly cost
£1004.90 for 24 months
Representative example:

Repayment mortgage of £224,000 over 25 years, representative APRC 5.9%. Repayments: 24 months of £1,004.90 at 2.5% (discount), then 276 months of £1,472.12 at 6.49% (variable). Total amount payable £431,421.72 which includes interest of £206,422.72. 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.

Available via lender only

The Cumberland 2 year discount remortgage

Initial rate
2.61% for 2 years
Fees
£999
APRC
5.3% overall cost
Monthly cost
£1017.36 for 24 months
Representative example:

Repayment mortgage of £224,000 over 25 years, representative APRC 5.3%. Repayments: 24 months of £1,017.36 at 2.61% (discount), then 276 months of £1,378.35 at 5.74% (variable). Total amount payable £405,840.24 which includes interest of £180,841.24. Arrangement 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.

Remortgage only.

Available in branch only.

Additional criteria may apply.

Available in branch only

Newbury Building Society 5 year discount remortgage

Initial rate
2.64% for 5 years
Fees
£850
APRC
3.8% overall cost
Monthly cost
£1020.77 for 60 months
Representative example:

Repayment mortgage of £224,000 over 25 years, representative APRC 3.8%. Repayments: 60 months of £1,020.77 at 2.64% (discount), then 240 months of £1,198.02 at 4.45% (variable). Total amount payable £349,621.00 which includes interest of £124,771.00. Application Fee (£850) 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 21 years

Available Direct.

Max age at term end: 70 years

Remortgage only.

Available in branch only.

Additional criteria may apply.

Available in branch only

Newbury Building Society 5 year discount shared equity remortgage

Initial rate
2.64% for 5 years
Fees
£850
APRC
3.8% overall cost
Monthly cost
£1020.77 for 60 months
Representative example:

Repayment mortgage of £224,000 over 25 years, representative APRC 3.8%. Repayments: 60 months of £1,020.77 at 2.64% (discount), then 240 months of £1,198.02 at 4.45% (variable). Total amount payable £349,621.00 which includes interest of £124,771.00. Application Fee (£850) 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 21 years

Available Direct.

Max age at term end: 70 years

Remortgage only.

Available in branch only. This mortgage is available for new builds only on the Help to Buy Equity loan scheme.

Additional criteria may apply.

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

Frequently asked questions

Although 80% loan-to-value (LTV) mortgages are at the higher end of the LTV mortgage scale, they are far more common than 95% or 100% LTV mortgages. But how do they work and what should you be aware of?

What is 80% loan to value?

An 80% loan-to-value mortgage is one of the more common mortgages in the UK. The ‘80%’ bit refers to the ratio between the amount borrowed (80%) and the total cost of the house (100%).

So if the house is worth £100,000, with a deposit of £20,000 and a mortgage of £80,000 the LTV of the mortgage is 80%.

How can I tell which is the right LTV for me?

The right LTV for your needs depends on two things – how much you have for a deposit and how much you can afford to pay on a monthly basis.

The monthly cost of the mortgage is determined by the total amount borrowed, the term and the interest rate.

As a rule, the interest rate will be higher with higher LTVs, so a 70% LTV mortgage will tend to have a lower interest rate than an 80% LTV mortgage because it’s less risky for the lender.

While increasing the term will lower the monthly repayments, it will also increase the overall cost of the mortgage as the interest is being charged for a longer period of time.

Before deciding how much of your savings to use as a deposit you should also consider keeping some back. Not only are there costs associated with taking out a mortgage – such as lender’s fees, solicitor’s fees and potentially stamp duty – but owning a home means you might need some of your savings to cover repairs and maintenance.

How do 80% LTV buy-to-let mortgages work?

Buy-to-let mortgages are for people who are buying or remortgaging a property to let to tenants. They are taken out on an interest-only basis and tend to have higher interest rates and fees than residential mortgages. An 80% LTV is usually the maximum available.

If you’re taking out a 80% LTV buy-to-let mortgage, as well as only being able to borrow up to 80% of the property’s value the lender will also want to make sure that the rental income of the property will cover the monthly interest payments for the amount you want to borrow by 125% to 145%.

As with residential mortgages, the lower your LTV the cheaper the mortgage you’ll get so it’s worth paying as big a deposit as possible. For example, one of the cheapest two-year fixed-rate deals you could currently get for an LTV of 80% has a rate of 2.74% with an arrangement fee of £995 but you could get a 60% LTV deal with a rate of just 1.66% and no fee.

You should always take fees into account when comparing mortgage deals as the one with the lowest rate won’t necessarily be the cheapest over the deal period once fees are factored in.

Advantages of an 80% LTV buy-to-let mortgage

Although you’ll pay more for an 80% LTV buy-to-let deal that one with a lower LTV, there are some benefits to choosing one:

  • It could allow you to hold onto some of your savings to use for other purposes, such as improving or maintaining the property, because you’ll be paying a smaller deposit

  • It might let you buy a more expensive property than you otherwise would, giving you a higher rental income

Disadvantages of an 80% LTV buy-to-let mortgage

There are potential downsides to taking out a 80% LTV buy-to-let mortgage:

  • You’ll pay a higher rate of interest than with a lower LTV

  • If the property is empty for a period of time it might be more difficult to afford your repayments than if you had borrowed less

  • You’ll have fewer mortgage deals to choose from compared with taking out a mortgage with a lower LTV

  • If you’re planning to ultimately sell the property to pay off the mortgage, there’s a greater risk that you won’t be able to sell it for enough to pay off a bigger loan

Last updated: 21 December 2021

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