What is a 65% LTV mortgage?

Loan to value (LTV) is the ratio between the loan you take out and the value of the property. 

A 65% LTV mortgage lets you borrow 65% of the price of the property. 

You’ll pay the other 35% as a deposit before you start paying your mortgage.

If you’re remortgaging onto a 65% LTV mortgage, the 35% could be the equity in your home if:

The higher the LTV, the more you’ll pay in interest. This is because the risk to the lender increases when you borrow more. 

Find out more about mortgage rates and deals.

65% LTV buy to let mortgages

Compared to higher LTV mortgages, 65% LTV buy to let mortgage can get you:

  • more mortgage deals to choose from as there’s less risk to the lender

  • a lower interest rate

  • a shorter term mortgage

A lower interest rate does not always mean a cheaper deal. 

You can get a 65% LTV buy to let mortgage to:

  • buy a new property to rent out

  • remortgage to get a better deal

A broker can help you find the right deal. Some, like Trussle, do not charge a fee. 

Read more about reasons to try Trussle.

65% LTV 5 year fixed mortgages

A 65% LTV 5 year fixed rate mortgage lets you fix your repayments for 5 years.

Should I get a 65% LTV mortgage

A 65% LTV mortgage could be right for you if you’ve got 35% of the purchase price to put down as a deposit. 

The lower the LTV, the lower the interest rate as lenders see the loan as less risky. 

Saving a bigger deposit can help you if you want smaller monthly repayments. 

How to get the best 65% LTV mortgage

The best LTV deals are those with lower interest rates and lower fees. 

There’s usually a lot of choice if you want to take out a 65% LTV mortgage deal. 

A broker can help you find a mortgage deal that suits you. 

Trussle works with 90 lenders who offer about 12,000 deals. 

Make sure you know how much a mortgage will really cost before taking one out. 

This is known as the true cost. It’s the total amount you pay back over the initial fixed or discounted period. 

To work out the true cost, add up the interest, capital repayments and fees. 

Then take away any incentives the lender’s offering such as cashback. Or ask your broker to help. 

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.

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