Compare our top 60% LTV mortgages
Find a 60% LTV mortgage that is right for you
We've found 4413 mortgage deals
2 Year Variable
Initial rate
APRC
overall cost for comparison
Set-up fees
Monthly payment
£699.77
for 24 months
2 Year Variable
Initial rate
APRC
overall cost for comparison
Set-up fees
Monthly payment
£699.77
for 24 months
2 Year Variable
Initial rate
APRC
overall cost for comparison
Set-up fees
Monthly payment
£702.26
for 24 months
2 Year Tracker
Initial rate
until 31-10-2021
APRC
overall cost for comparison
Set-up fees
Monthly payment
£706.43
for 24 months
2 Year Tracker
Initial rate
until 31-10-2021
APRC
overall cost for comparison
Set-up fees
Monthly payment
£706.43
for 24 months
2 Year Tracker
Initial rate
until 31-10-2021
APRC
overall cost for comparison
Set-up fees
Monthly payment
£706.43
for 24 months
2 Year Fixed
Initial rate
until 31-08-2021
APRC
overall cost for comparison
Set-up fees
Monthly payment
£707.27
for 24 months
2 Year Fixed
Initial rate
until 31-08-2021
APRC
overall cost for comparison
Set-up fees
Monthly payment
£707.27
for 24 months
2 Year Variable
Initial rate
APRC
overall cost for comparison
Set-up fees
Monthly payment
£708.94
for 24 months
2 Year Variable
Initial rate
APRC
overall cost for comparison
Set-up fees
Monthly payment
£708.94
for 24 months
Not ready to get a mortgage?
Representative example:
If you borrowed £200,000 payable over 25 years, with an initial fixed-rate for two years at 4.79%, your monthly payments would be £1,144.84 for 24 months. This would then revert to a standard variable rate (SVR) of 4.24% for the remaining 23 years, costing £1,086.24 per month for 276 months. Overall cost for comparison is 4.5% APRC representative. The total amount payable over the full term would be £328,272, including product fee of £995 and interest of £127,277.
Your home may be repossessed if you do not keep up repayments on your mortgage.
In this 60% LTV mortgage guide
What is a 60% LTV mortgage?
The cheapest and best mortgage you can get is a 60% LTV (loan to value) mortgage. By putting down a deposit of 40%, mortgage lenders will see you as a very safe bet – and thus offer you the best interest rates and promotional periods.
For example, if you want to buy a property valued at £300,000, you'd need a deposit of £120,000 to get a 60% LTV mortgage.
Another option, if you're moving house or remortgaging, is to have a large amount of positive equity in your current property. For example, if your home is worth £400,000, and you owe £240,000 on your mortgage, then you have £160,000 in equity that could help you secure a new 60% LTV mortgage.
What is home equity?
The other big source of home equity is an increase in property value. Over the past 20 years, UK house prices have exploded – which means a lot of people have a relatively small mortgage for a very valuable home. If you have a mortgage of £150,000 and the value of your home has increased to £250,000, you would have an equity of £100,000 or 40% – enough to secure a 60% LTV with very low interest rates.
How to get a 60% LTV mortgage
If you have a large amount of equity in your home, or you have a huge amount of money in savings, you may be able to afford a 60% LTV mortgage.
There are two main reasons for getting a 60% LTV mortgage: you’re selling your home and moving somewhere else, or you’re staying put but want a better mortgage rate. To get a 60% LTV mortgage, start by comparing 60% LTV mortgage rates, and then you might consider talking to a mortgage broker to see if they can find you a better deal.
If you’re lucky enough to have a lot of equity or a large amount of savings, another option to consider is remortgaging to borrow more money from the bank – and then using that money to renovate or extend your home. Mortgages – especially at 60% or 65% LTV – are one of the cheapest ways of borrowing money.
Compare other types of mortgage
- Fixed-rate mortgages
- 2-year fixed-rate mortgages
- 5-year fixed-rate mortgages
- 10-year fixed-rate mortgages
- 85% LTV mortgages
- 90% LTV mortgages
- 95% LTV mortgages
- 100% LTV mortgages
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Last updated: 12 June, 2019
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