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 borrowing more is riskier to the lender.
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.
Should I get a 60% LTV mortgage?
A 60% LTV mortgage might suit you best if you have a larger deposit to put down.
This can also help you lower 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 can find out exactly what you'll be paying during your initial fixed or discounted period by adding up:
any fees charged by the lender
You’re likely to have more choice with a 60% LTV mortgage compared to a high LTV mortgage.
A broker can help you find a mortgage deal that fits your situation.
Trussle works with 90 lenders who offer about 12,000 deals.
For more help you can ask your broker.
Get a mortgage with Trussle today
Voted the UK's best mortgage broker
Advice in under 24 hours and a mortgage decision in 5 days, or we'll pay you £100 (terms and conditions apply)
100% fee free advice
5-star Trustpilot rating from over 4,400 reviews
12,000 mortgage deals from 90 lenders
Skip the paperwork: apply online any time
Free mortgage monitoring: we'll tell you when it's time to remortgage
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.
Terms and conditions apply for Trussle's Speed Promise.