60% mortgages
Compare our best 40% deposit mortgage deals, learn what a 60% LTV mortgage is and how to get the best deal
What is a 60% LTV mortgage?
Loan to value (LTV) is the difference between the mortgage loan you take out and the value of the property.
With a 60% LTV mortgage you can borrow 60% of the price of the property.
You’ll pay the other 40% as a deposit.
If you’re remortgaging onto a 60% LTV mortgage, the 40% could be the equity in your home if:
it’s increased in value
you’ve paid back enough of your current mortgage
You’ll pay more in interest if the LTV is higher. This is because there is a higher risk to the lender if you borrow more.
Find out more about mortgage rates and deals.
Compare our best 60% LTV (40% deposit) mortgage deals
Compare 12,000 deals from 90 lenders and one of our advisers can check whether you're eligible for the 40% deposit mortgage deals you find. Your home may be repossessed if you do not keep up repayments on your mortgage.
Find a mortgage that suits you
Tell us what you're looking for and we’ll search 12,000 deals from 90 lenders.
60% LTV buy to let mortgages
A 60% LTV buy to let mortgage can get you:
more mortgage deals to choose from
a lower interest rate
a shorter term mortgage
A lower interest rate does not always mean you’re getting a cheaper deal.
You can use a 60% LTV buy to let mortgage to:
buy a new house to rent out to tenants
remortgage for a better rate
A broker can do the work for you to help you find the right deal. Some, like Trussle, do not charge a fee.
Find more reasons to try Trussle.
60% LTV 5 year fixed mortgages
A 60% LTV 5 year fixed rate mortgage gives you 5 years where your repayments will stay the same.
Should I get a 60% LTV mortgage?
A 60% LTV mortgage might suit you best if you have a larger deposit that you can put down.
This can also help you reduce the cost of your monthly payments.
How to get the best 60% LTV mortgage
The best LTV deals have lower interest rates as well as lower fees.
You’re likely to have more choice with a 60% LTV mortgage.
A broker can help you find a mortgage deal that fits your personal situation.
Trussle works with 90 lenders who offer about 12,000 deals.
You should check the true cost of a mortgage before taking one out.
The true cost is the total amount you pay back over the initial fixed or discounted period.
You can work out the true cost by adding up the interest, capital repayments and fees. Then taking away any extras the lender is offering such as cashback.
For more help you can ask your broker.
Get a mortgage with Trussle today
Fee-free online mortgage broker
Rated 4.9/5 on Trustpilot - the UK's top rated online mortgage broker
Thousands of deals from 90 lenders
Straightforward online application process
No waiting for appointments
No paperwork
Free ongoing mortgage monitoring
Your home could be repossessed if you don't keep up repayments on your mortgage.
You may have to pay an early repayment charge to your existing lender if you remortgage.
What people are saying about Trussle...