Mortgages.direct | 85% LTV Mortgages

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This makes our LTV . Invalid LTV.

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Fixed 2 years From Progressive BS

Initial rate 2.40% 2 years

Maximum LTV 90%

Overall cost of comparison 4.13% APRC

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Fees

Arrangement fee

No fee

Valuation fee

No fee

Cashback

No cashback

Additional information

None.

The total cost of a £170,000 mortgage over 25 years is £271,435, including £170 of fees. More information on this mortgage

Fixed 2 years From Hinckley & Rugby BS

Initial rate 2.45% 2 years

Maximum LTV 85%

Overall cost of comparison 4.9% APRC

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Fees

Arrangement fee

£800.00

Valuation fee

£245.00

Cashback

No cashback

Additional information

None.

The total cost of a £170,000 mortgage over 25 years is £302,996, including £1,394 of fees. More information on this mortgage

Call Virgin Money 0330 057 1528

Fixed Aug-2023 From Virgin Money

Initial rate 2.48% Aug-2023

Maximum LTV 85%

Overall cost of comparison 4% APRC

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Fees

Arrangement fee

£995.00

Valuation fee

£188.00

Cashback

£300.00

Additional information

None.

The total cost of a £170,000 mortgage over 25 years is £271,948, including £1,213 of fees. More information on this mortgage

Call NatWest 0800 096 7889

Fixed Aug-2023 From NatWest

Initial rate 2.52% Aug-2023

Maximum LTV 85%

Overall cost of comparison 3.6% APRC

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Fees

Arrangement fee

£995.00

Valuation fee

No fee

Cashback

£250.00

Additional information

None.

The total cost of a £170,000 mortgage over 25 years is £254,183, including £1,025 of fees. More information on this mortgage

Call NatWest 0800 096 7889

Fixed Aug-2023 From NatWest

Initial rate 2.52% Aug-2023

Maximum LTV 85%

Overall cost of comparison 3.6% APRC

See deal

Fees

Arrangement fee

£995.00

Valuation fee

£248.00

Cashback

£500.00

Additional information

None.

The total cost of a £170,000 mortgage over 25 years is £254,181, including £1,273 of fees. More information on this mortgage

Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

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Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

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Mortgages Direct provides an independent mortgage quotes and advice service. When you submit this form you will be contacted by a regulated mortgage adviser to discuss your options.

How To Get A 85% LTV Mortgage

Not all lenders offer 85% loan to value (LTV) mortgages and those that do have set criteria to determine whether they are happy to lend on this basis.

The good news is that in recent years a number of lenders have relaxed their criteria for this type of lending. Things to be mindful of include:

Lenders will charge you a higher rate on interest on your mortgage if you have a 15% deposit. If you can get your deposit up to 20% this will help get the cost of borrowing down.

While most lenders will be happy to lend if you have a 15% deposit, their decision to lend will be based on affordability criteria so factors such as your income, previous credit record and the amount you wish to borrow.

Latest 85% LTV Mortgage offers:

Royal Bank of Scotland are currently offering £250 Cashback for first time buyers

RBS Mortgages offers 85% LTV mortgages purchasing a residential property. Call RBS FREE on 0800 096 7966 to discuss how you could buy your next home with a 15% deposit.

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