Compare our top 60% LTV mortgages

Find a 60% LTV mortgage that is right for you

Mortgage type

Property price

£

Mortgage amount

£

Mortgage term

years

Initial rate type

Deal length

Repayment type

We've found 4413 mortgage deals

Cumberland

2 Year Variable

Initial rate

1.26%

APRC

4.4%

overall cost for comparison

Set-up fees

£1,999

Monthly payment

£699.77

for 24 months

Cumberland

2 Year Variable

Initial rate

1.26%

APRC

4.4%

overall cost for comparison

Set-up fees

£1,999

Monthly payment

£699.77

for 24 months

Furness Building Society

2 Year Variable

Initial rate

1.29%

APRC

5.2%

overall cost for comparison

Set-up fees

£999

Monthly payment

£702.26

for 24 months

NatWest Int Sols

2 Year Tracker

Initial rate

1.34%

until 31-10-2021

APRC

3.9%

overall cost for comparison

Set-up fees

£995

Monthly payment

£706.43

for 24 months

Royal Bank of Scotland

2 Year Tracker

Initial rate

1.34%

until 31-10-2021

APRC

4.1%

overall cost for comparison

Set-up fees

£995

Monthly payment

£706.43

for 24 months

NatWest

2 Year Tracker

Initial rate

1.34%

until 31-10-2021

APRC

4.1%

overall cost for comparison

Set-up fees

£995

Monthly payment

£706.43

for 24 months

Halifax

2 Year Fixed

Initial rate

1.35%

until 31-08-2021

APRC

4%

overall cost for comparison

Set-up fees

£1,495

Monthly payment

£707.27

for 24 months

Halifax

2 Year Fixed

Initial rate

1.35%

until 31-08-2021

APRC

3.9%

overall cost for comparison

Set-up fees

£1,495

Monthly payment

£707.27

for 24 months

Cumberland

2 Year Variable

Initial rate

1.37%

APRC

4.2%

overall cost for comparison

Set-up fees

£699

Monthly payment

£708.94

for 24 months

Cumberland

2 Year Variable

Initial rate

1.37%

APRC

4.2%

overall cost for comparison

Set-up fees

£699

Monthly payment

£708.94

for 24 months

Not ready to get a mortgage?

Learn more about how 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.

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.

Compare top 60% LTV mortgages

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.

What is LTV or loan-to-value ratio?

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.

Mortgage calculator: How much can I borrow?
Should I renovate my home or move?

Compare other types of mortgage

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Last updated: 12 June, 2019

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