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 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.
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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.
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 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:
the interest
capital repayments
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.
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*The savings figure is from Trussle mortgage customers in September 2022. **You may have to pay a fee depending on your circumstances and credit history. Learn more.
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.