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10%, 20%, 30% LTV Mortgages

Deedle Finance can help you find the best rates on 10%, 20% or 30% mortgages. We work hard to understand your needs and find you the best deals.

Our mortgage advisers can help you get the best 10%, 20%, 30% LTV mortgages. We are determined to help you to get on the property ladder as soon as possible!

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How To Get A 10%, 20%, 30% LTV Mortgage

Step 1
Complete Deedle's Form
Enter key details on our online form including your name, contact information and requirements
Step 2
Receive A Callback
Upon submitting the form, you can expect a prompt callback from our skilled professionals who will guide you through the mortgage procedure.
Step 3
Check If You Qualify
Our advisors will request essential details like your yearly earnings, which are used to determine your borrowing capacity and discover optimal interest rates.
Step 4
Receive Your 10%, 20%, or 30% LTV Mortgage
Once we have found a loan to suit your borrowing requirements, our advisers can submit your mortgage application and help you get on the property ladder ASAP!
what-costs-are-involved-in-10-20-30-ltv-mortgages

What Are 10%, 20%, 30% LTV Mortgages?

LTV stands for Loan-to-Value ratio, which is a term used in mortgages to represent the ratio between the loan amount and the appraised value of the property.

  1. 10% LTV Mortgage: The loan amount is 10% of the property’s appraised value. In other words, the borrower is providing a down payment of 90% of the property’s value.
  2. 20% LTV Mortgage: A mortgage with a loan amount equal to 20% of the property’s appraised value. This implies a down payment of 80% from the borrower.
  3. 30% LTV Mortgage: This type of mortgage has a loan amount equal to 30% of the property’s appraised value. The borrower is required to make a down payment of 70% of the property’s value.

What Costs Are Involved In 10%, 20%, 30% LTV Mortgages?

The costs associated with mortgages will vary depending on factors such as the lender, location, and specific terms of the mortgage. However, here are some general costs to consider for 10%, 20%, and 30% LTV mortgages:

  1. Down Payment: The down payment is the amount you need to pay upfront towards the purchase price of the property.
    • For a 10% LTV mortgage, the down payment is 90% of the property’s value.
    • For a 20% LTV mortgage, the down payment is 80% of the property’s value.
    • For a 30% LTV mortgage, the down payment is 70% of the property’s value.
  2. Mortgage Insurance: This protects lenders in case the borrower defaults on their mortgage payments. It is typically not required for borrowers unless their down payment is less than 20% of the home’s purchase price.
  3. Interest Rates: The lower the LTV ratio, the more favourable the interest rates offered by lenders.
  4. Closing Costs: These typically include appraisal fees, title insurance, attorney fees, loan origination fees, and government recording fees.
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Different Types of 10%, 20%, 30% LTV Mortgage Available

Fixed Rate Mortgages

Variable Rate Mortgages

Tracker Mortgages
Interest Rate Fixed Variable Variable
Rate Stability Stable Fluctuates Fluctuates
Repayment Security
 High Moderate Moderate
Flexibility Low High Moderate
Risk of Rate Changes
 Low High Moderate
Initial Interest Rate
 Fixed Variable Variable
Long-term Costs Predictable Uncertain Uncertain

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Why Should I Get A 10%, 20%, 30% LTV Mortgage With Deedle?

At Deedle, we understand how nerve-racking it can be to purchase a property, which is why we’re here to provide unlimited support. Our dedicated team of mortgage advisors will be by your side throughout the entire process, from the initial consultation to the completion of your mortgage. We take care of all the paperwork, communicate with lenders, and ensure a smooth process, saving you time, stress, and effort.

Whether you have a poor credit history, are self-employed, or even in retirement, our team of experts is here to assist you in finding the mortgage that suits your needs. With many years of experience in the mortgage industry, we meticulously search through thousands of mortgage deals to find the right one for your specific circumstances and requirements.

What Deposit Is Needed For a 10%, 20%, 30% LTV Mortgage?

Assuming you are purchasing a property valued at £250,000:

10% LTV Mortgage:

  • Loan Amount: 10% of £250,000 = £25,000 (10% LTV)
  • Down Payment: 100% – 10% = 90%
  • Down Payment Amount: 90% of £250,000 = £225,000

20% LTV Mortgage:

  • Loan Amount: 20% of £250,000 = £50,000 (20% LTV)
  • Down Payment: 100% – 20% = 80%
  • Down Payment Amount: 80% of £250,000 = £200,000

30% LTV Mortgage:

  • Loan Amount: 30% of £250,000 = £75,000 (30% LTV)
  • Down Payment: 100% – 30% = 70%
  • Down Payment Amount: 70% of £250,000 = £175,000

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What Is The 10%, 20%, 30% LTV Mortgage Criteria?

The criteria for 10%, 20%, and 30% LTV mortgages can vary depending on the lender and specific mortgage programs. However, the following criteria is often considered:

  1. Credit score
  2. Income and employment
  3. Down payment
  4. Debt-to-income ratio (DTI)
  5. Property appraisal
  6. Mortgage insurance

To improve your chances of qualifying for a 10%, 20%, or 30% LTV mortgage,  work on improving your credit score by paying bills on time, reducing outstanding debt, and keeping credit card balances low. A higher credit score can enhance your eligibility for better loan terms.

What Documents Are Needed To Apply For A 10%, 20%, 30% LTV Mortgage?

When applying for a 10%, 20%, or 30% LTV mortgage, you will typically need to provide several documents to support your application. While specific requirements may vary among lenders, you will often be asked for the following:

  1. Passport or driver’s license
  2. Proof of income
    • Recent pay stubs
    • W-2 forms
    • Tax returns for self-employed individuals
  3. Bank statements
  4. Employment verification (e.g. a letter from your employer)
  5. Credit history

Frequently Asked Questions About 10%, 20%, or 30% LTV Mortgages

Can First Time Buyers Get 10%, 20%, or 30% LTV Mortgages?

Yes, first-time buyers can potentially obtain 10%, 20%, or 30% LTV mortgages, depending on their financial circumstances and the specific lending criteria of mortgage providers. These LTV ratios are not exclusive to any particular group of borrowers and can be available to first-time buyers as long as they meet the necessary eligibility requirements.

Should I Get A Shorter Term Mortgage?

It is often the best option. Typically, borrowers opt for mortgage loans with durations ranging from 25 to 40 years. While longer-term mortgages offer the benefit of lower monthly payments, they result in higher overall costs. This is due to the fact that the longer the mortgage term, the more interest you will end up paying over time.

What Are Guarantor Mortgages At 10%, 20%, and 30% LTV?

Guarantor mortgages at 10%, 20%, and 30% LTV are mortgage options that involve a guarantor co-signing the loan to provide additional security for the lender.

In a guarantor mortgage scenario, the guarantor’s involvement helps mitigate the risk for the lender, particularly when the borrower has a lower deposit or less favorable credit history. By offering their assets as collateral, the guarantor provides an additional layer of security, enabling the borrower to access a mortgage they may not have been able to secure otherwise.

Can You Get A 10%, 20%, or 30% LTV Mortgage For Bad Credit First Time Buyer?

Yes. Getting a mortgage as a first-time buyer with a poor credit score is possible. At Deedle, we understand that having a less-than-perfect credit history doesn’t mean you should be denied the opportunity to secure a mortgage.

However, it’s important to note that lenders may offer higher interest rates to compensate for the increased level of risk involved in lending to someone with bad credit.

Who Are 10%, 20% and 30% LTV Mortgages For?

10%, 20%, and 30% LTV mortgages are available for a range of individuals, depending on their financial circumstances and goals. These include:

  1. First-time buyers
  2. Homeowners with equity
  3. Benefactors or inheritors of money who are looking to purchase property
  4. Property investors
  5. Homeowners who want to refinance their existing mortgage (remortgaging)

Deedle Finance is the trading name of Tudor Lodge Digital Ltd which trades under company number: 10437769.

Deedle Finance does not provide advice on regulated mortgage contracts or credit agreements, these are carried out by one of our independent FCA regulated associates. 

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENT ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

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