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85% Loan to Value (LTV) Mortgages

There are a wide-range of 85% mortgages with great interest rates for those with smaller deposits.

85 %

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
Stepped until 30/03/2017
Initial rate
0.49%then 4.54% (variable)
Fees
£1,259fees
Overall cost
4.5%APRC
Monthly cost
£566.78 for 6 months then £885.81 (variable)
for 294 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Wales
  • Aged 18 or older
  • No County Court Judgements (CCJs)
  • No arrears
  • No defaults
  • No bankruptcies
  • No repossessions
  • Up to 90% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/09/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £265,086 includes: Loan amount (£160,000); Interest (£103,827); Application fee (£545); Valuation fee (£430); Legal fee (£154); Funds transfer fee (£30); Mortgage discharge fee (£75); Deeds release fee (£25); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/10/2018
Initial rate
1.44%then 4.74% (variable)
Fees
£1,452fees
Overall cost
4.2%APRC
Monthly cost
£635.40 for 24 months then £888.79 (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 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £262,007 includes: Loan amount (£160,000); Interest (£100,555); Booking fee (£130); Application fee (£845); 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 until 31/10/2018
Initial rate
1.54%then 4.49% (variable)
Fees
£2,043fees
Overall cost
4.1%APRC
Monthly cost
£642.91 for 24 months then £868.67 (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 defaults
  • No bankruptcies
  • No repossessions
  • Available for existing borrowers switching deals only
  • Up to 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £257,225 includes: Loan amount (£160,000); Interest (£95,182); Application fee (£1,499); Valuation fee (£295); Legal fee (£50); Funds transfer fee (£0); Mortgage discharge fee (£160); Deeds release fee (£39); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/01/2019
Initial rate
1.54%then 4.49% (variable)
Fees
£1,978fees
Overall cost
4.1%APRC
Monthly cost
£642.91 for 24 months then £868.67 (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 arrears
  • No bankruptcies
  • No repossessions
  • Up to 85% loan-to-value (LTV) available.

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 £257,160 includes: Loan amount (£160,000); Interest (£95,182); Booking fee (£90); Application fee (£1,499); Valuation fee (£229); Funds transfer fee (£0); Mortgage discharge fee (£106); Deeds release fee (£54); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/01/2019
Initial rate
1.54%then 4.49% (variable)
Fees
£2,043fees
Overall cost
4.1%APRC
Monthly cost
£642.91 for 24 months then £868.67 (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 defaults
  • No bankruptcies
  • No repossessions
  • Up to 85% loan-to-value (LTV) available.

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 £257,225 includes: Loan amount (£160,000); Interest (£95,182); Booking fee (£150); Application fee (£1,349); Valuation fee (£295); Legal fee (£50); Funds transfer fee (£0); Mortgage discharge fee (£160); Deeds release fee (£39); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/12/2018
Initial rate
1.58%then 3.69% (variable)
Fees
£2,051fees
Overall cost
3.4%APRC
Monthly cost
£645.93 for 24 months then £803.87 (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 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/12/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £239,420 includes: Loan amount (£160,000); Interest (£77,369); Booking fee (£249); Valuation fee (£227); Funds transfer fee (£30); Mortgage discharge fee (£0); Deeds release fee (£0); Legal fee (£295); Application fee (£1,250); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/12/2018
Initial rate
1.58%then 3.69% (variable)
Fees
£2,051fees
Overall cost
3.4%APRC
Monthly cost
£645.93 for 24 months then £803.87 (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 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/12/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £239,420 includes: Loan amount (£160,000); Interest (£77,369); Booking fee (£249); Valuation fee (£227); Legal fee (£295); Funds transfer fee (£30); Mortgage discharge fee (£0); Deeds release fee (£0); Application fee (£1,250); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker until 30/09/2018
Initial rate
1.59%then 3.74% (variable)
Fees
£1,259fees
Overall cost
3.4%APRC
Monthly cost
£646.69 for 24 months then £807.92 (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 repossessions
  • Available for existing borrowers switching deals only
  • Available for shared ownership
  • Up to 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/09/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £239,766 includes: Loan amount (£160,000); Interest (£78,507); Application fee (£999); Valuation fee (£0); Legal fee (£175); Funds transfer fee (£20); Mortgage discharge fee (£65); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker until 30/09/2018
Initial rate
1.59%then 3.74% (variable)
Fees
£1,259fees
Overall cost
3.4%APRC
Monthly cost
£646.69 for 24 months then £807.92 (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 repossessions
  • Available for existing borrowers switching deals only
  • Available for shared ownership
  • Up to 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/09/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £239,766 includes: Loan amount (£160,000); Interest (£78,507); Application fee (£999); Valuation fee (£0); Legal fee (£175); Funds transfer fee (£20); Mortgage discharge fee (£65); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/12/2018
Initial rate
1.59%then 5.54% (variable)
Fees
£1,453fees
Overall cost
4.9%APRC
Monthly cost
£646.69 for 24 months then £958.64 (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 repossessions
  • Up to 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/12/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £281,557 includes: Loan amount (£160,000); Interest (£120,104); Booking fee (£130); Application fee (£845); Valuation fee (£270); Legal fee (£118); 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 until 30/11/2018
Initial rate
1.6%then 4.74% (variable)
Fees
£1,605fees
Overall cost
4.3%APRC
Monthly cost
£647.44 for 24 months then £890.04 (variable)
for 276 months
Am I eligible?
Please make sure you at least meet the following criteria:
  • Resident of: England, Wales
  • Aged 18 or older
  • 76 or younger at mortgage end
  • No repossessions
  • Up to 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £262,794 includes: Loan amount (£160,000); Interest (£101,189); Application fee (£895); Valuation fee (£380); Legal fee (£150); Funds transfer fee (£25); Mortgage discharge fee (£155); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
1.6%then 5.44% (variable)
Fees
£1,758fees
Overall cost
4.9%APRC
Monthly cost
£647.44 for 24 months then £949.99 (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
  • 80 or younger at mortgage end
  • Up to 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £279,494 includes: Loan amount (£160,000); Interest (£117,736); Application fee (£999); Valuation fee (£405); Legal fee (£120); Funds transfer fee (£35); Mortgage discharge fee (£199); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
1.63%then 4.24% (variable)
Fees
£2,338fees
Overall cost
3.9%APRC
Monthly cost
£649.72 for 24 months then £848.70 (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
  • 70 or younger at mortgage end
  • No bankruptcies
  • No repossessions
  • Up to 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £252,172 includes: Loan amount (£160,000); Interest (£89,834); Application fee (£1,495); Valuation fee (£360); Legal fee (£258); Funds transfer fee (£30); Mortgage discharge fee (£195); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 30/11/2018
Initial rate
1.63%then 4.24% (variable)
Fees
£2,338fees
Overall cost
3.9%APRC
Monthly cost
£649.72 for 24 months then £848.70 (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
  • 70 or younger at mortgage end
  • No bankruptcies
  • No repossessions
  • Up to 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 30/11/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £252,172 includes: Loan amount (£160,000); Interest (£89,834); Valuation fee (£360); Legal fee (£258); Funds transfer fee (£30); Mortgage discharge fee (£195); Deeds release fee (£0); Application fee (£1,495); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker until 31/10/2018
Initial rate
1.64%then 3.74% (variable)
Fees
£1,745fees
Overall cost
3.4%APRC
Monthly cost
£650.48 for 24 months then £808.28 (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
  • Available for existing customers only
  • Up to 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £240,440 includes: Loan amount (£160,000); Interest (£78,695); Application fee (£995); Valuation fee (£450); Funds transfer fee (£35); Mortgage discharge fee (£265); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker until 31/10/2018
Initial rate
1.64%then 3.74% (variable)
Fees
£1,745fees
Overall cost
3.4%APRC
Monthly cost
£650.48 for 24 months then £808.28 (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 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £240,440 includes: Loan amount (£160,000); Interest (£78,695); Application fee (£995); Valuation fee (£450); Funds transfer fee (£35); Mortgage discharge fee (£265); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/12/2018
Initial rate
1.64%then 3.69% (variable)
Fees
£1,301fees
Overall cost
3.4%APRC
Monthly cost
£650.48 for 24 months then £804.29 (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 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/12/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £238,895 includes: Loan amount (£160,000); Interest (£77,594); Booking fee (£99); Valuation fee (£227); Funds transfer fee (£30); Mortgage discharge fee (£0); Deeds release fee (£0); Legal fee (£295); Application fee (£650); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Tracker until 31/10/2018
Initial rate
1.64%then 3.74% (variable)
Fees
£1,745fees
Overall cost
3.4%APRC
Monthly cost
£650.48 for 24 months then £808.28 (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 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/10/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £240,440 includes: Loan amount (£160,000); Interest (£78,695); Application fee (£995); Valuation fee (£450); Funds transfer fee (£35); Mortgage discharge fee (£265); Deeds release fee (£0); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/12/2018
Initial rate
1.64%then 3.69% (variable)
Fees
£1,301fees
Overall cost
3.4%APRC
Monthly cost
£650.48 for 24 months then £804.29 (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 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/12/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £238,895 includes: Loan amount (£160,000); Interest (£77,594); Booking fee (£99); Valuation fee (£227); Legal fee (£295); Funds transfer fee (£30); Mortgage discharge fee (£0); Deeds release fee (£0); Application fee (£650); Fees are assumed to be paid up front and not included in the amount borrowed.
Rate type
Fixed until 31/12/2018
Initial rate
1.64%then 3.69% (variable)
Fees
£1,551fees
Overall cost
3.4%APRC
Monthly cost
£650.48 for 24 months then £804.29 (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 85% loan-to-value (LTV) available.

Additional criteria for acceptance from the lender may apply.

Assumed application completion date of 31/12/2016. Repayment mortgage of £160,000 payable over 300 monthly repayments. Total amount payable £239,145 includes: Loan amount (£160,000); Interest (£77,594); Booking fee (£99); Valuation fee (£227); Funds transfer fee (£30); Mortgage discharge fee (£0); Deeds release fee (£0); Legal fee (£295); Application fee (£900); Fees are assumed to be paid up front and not included in the amount borrowed.

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

Frequently asked questions

85% LTV mortgage are on the higher end of the loan-to-value mortgage scale, but that are far more common than 95% or 100% LTV mortgages, but how do they work and what should you be aware of?

What is 85% loan-to-value

An 85% loan-to-value mortgage means your total borrowing is 85% of your property value. The remaining 15% is the deposit you put forward.

A higher loan-to-value ration typically means higher interest rates, as the lender takes on a greater risk.

It is also more expensive for the borrower over the lifetime of the mortgage as not only is the interest rate higher, but the total amount to be paid back is also higher.

Therefore an 85% mortgage will usually be more expensive than an 80% mortgage of the same amount, but cheaper than a 90% mortgage.

Can I afford 85% loan-to-value?

What you can afford from a mortgage is largely determined by what you can afford to put forward as a deposit and what you can afford to pay back each month, but not exclusively.

When taking out a mortgage you should always leave yourself some wiggle room – typically 5% to 10% is advised – to account for extra and unexpected costs.

For instance, if you property is over the threshold you will have to pay stamp duty. There are also solicitor and mortgage arrangement fees to consider, as well any potential repairs you may have to undertake (such as repairing a boiler or a leaky roof).

Looking for a different LTV?

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