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40%, 50%, 60% LTV Mortgages

At Deedle, our mission is to assist you in finding the best rates for 40%, 50%, and 60% LTV mortgages. We dedicate ourselves to getting to know your requirements and searching for the most competitive deals available.

Our mortgage advisers compare thousands of deals across the market to get you the best rates so you can get on the property ladder as soon as possible!

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How To Get A 40%, 50%, 60% LTV Mortgage

Step 1
Complete Deedle's Form
Quickly fill out our quick, secure form with key details such as your full name and your requirements. This allows us to assess your needs.
Step 2
Receive A Callback
After submitting the form, our experienced professional team will promptly call you back to assist you with the mortgage process.
Step 3
Check If You Qualify
Our advisors will ask for key information such as your annual income, which helps assess your borrowing potential and find the best interest rates for you.
Step 4
Receive Your 40%, 50%, or 60% 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-is-a-40-50-60-ltv-mortgage

What Are 40%, 50%, 60% LTV Mortgages?

40%, 50%, and 60% LTV (Loan-to-Value) mortgages refer to different loan-to-value ratios based on the proportion of the property’s value that you are borrowing.

With a 40% LTV mortgage, you would be borrowing 40% of the property’s value and providing a 60% deposit or equity. This means you would need to contribute a significant down payment, which can result in more favourable loan terms and potentially lower interest rates. This is good for people with large savings.

A 50% LTV mortgage indicates that you are borrowing 50% of the property’s value, while providing a 50% deposit or equity. Likewise, 60% LTV mortgage, you are borrowing 60% of the property’s value and supplying a 40% deposit or equity.

Who Are 40%, 50%, 60% LTV Mortgages For?

40%, 50%, and 60% LTV (Loan-to-Value) mortgages can be suitable for various individuals, depending on their financial circumstances and goals. These include:

  1. Homeowners with significant equity
  2. Remortgagers
  3. Property investors
  4. Homebuyers with strong financial profiles
  5. People who have inherited or are being gifted large deposits from family or loved ones
  6. People buying their second home
Who-Are-40-50-60-LTV-Mortgages-For

Different Types of 40%, 50%, 60% LTV Mortgage Available

Mortgage Type

Features

Fixed Rate
  • Interest rate remains fixed for a specific period
  • Provides stability and predictable monthly payments
  • Suitable for those who prefer budgeting and long-term plans

Tracker Rate
  • Interest rate tracks an external benchmark
  • Can result in fluctuations in monthly payments
  • May offer flexibility if the benchmark rate decreases

Variable Rate
  • Interest rate can vary over the course of the mortgage term
  • Payments may increase or decrease based on market conditions
  • Offers potential for lower initial rates and future changes

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Why Should I Get A 40%, 50%, 60% LTV Mortgage With Deedle?

At Deedle, we recognise the stress that comes with buying a property. That’s why we offer unlimited support to guide you through the process. Our committed mortgage advisors will be with you every step of the way, handling paperwork, liaising with lenders, and ensuring a seamless experience. We save you time, alleviate stress, and minimize effort.

No matter your credit history, self-employment status, or retirement age, our team of experts is here to help you discover the perfect mortgage. With extensive industry experience, we thoroughly search thousands of mortgage deals to find the one that precisely fits your circumstances and preferences. So why not get started with Deedle today?

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What Are the Monthly Repayments For a 40%, 50%, 60% LTV Mortgage?

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

40% LTV Mortgage:

The loan amount for a 40% LTV mortgage would be £100,000 (40% of £250,000). Assuming an interest rate of 3% and a mortgage term of 25 years, the monthly repayment would be approximately £474.

50% LTV Mortgage

The loan amount for a 50% LTV mortgage would be £125,000 (50% of £250,000). With an interest rate of 3% and a mortgage term of 25 years, the monthly repayment would be around £592.

60% LTV Mortgage:

The loan amount would be £150,000 (60% of £250,000). Assuming an interest rate of 3% and a mortgage term of 25 years, the monthly repayment would be approximately £710.

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Are 40%, 50%, 60% LTV Mortgages A Good Deal?

Yes. Lenders generally consider an 80% LTV ratio or lower as a good deal. Ratios below this threshold are even better, so 40-60% LTV mortgages are a great deal. (Source).

You can get very good deals for 40%, 50% and even 60% LTV mortgages. Generally, lower LTV ratios tend to come with better interest rates. Although you will need a higher deposit, the long-term savings will be greater.

Lower LTV ratios imply lower risk for lenders, and they may consider these borrowers more creditworthy. As a result, you may have access to a wider range of mortgage products and better borrowing terms at the 40%, 50% and 60% LTV range.

Lower LTV mortgages may therefore offer longer repayment periods or more flexibility in terms of repayment options, which can be beneficial for many borrowers.

At the end of the day, you should assess your needs, circumstances and budget to figure out whether a 40%, 50% and 60% LTV mortgage is a good deal for you.

What Documents Are Needed To Apply For A 40%, 50%, 60% LTV Mortgage?

When applying for a 40%, 50%, or 60% LTV mortgage, you typically need to provide the following documents:

  1. Proof of Income: This includes payslips, bank statements, or tax returns to verify your income and employment status.
  2. Identification: Valid identification documents such as a passport or driver’s license to confirm your identity.
  3. Proof of Deposit: Documentation to demonstrate the source of your deposit, such as bank statements or a gift letter if the deposit is a gift from a family member.
  4. Property Information: Details about the property you intend to purchase, including its address, valuation, and any other relevant documentation.

Frequently Asked Questions About 40%, 50%, 60% LTV Mortgages

Can First Time Buyers Get 40%, 50%, or 60% LTV Mortgages?

Yes, first-time buyers can typically access 40%, 50%, or 60% LTV mortgages. These LTV ratios represent the proportion of the property’s value that the borrower is seeking to borrow, while the remaining percentage represents the deposit or equity contribution.

How Can You Get Good Mortgage Interest Rates?

  1. Maintain a good credit score
  2. Save for a larger down payment
  3. Shop around and compare lenders
  4. Improve your debt-to-income ratio
  5. Choose the right mortgage term

What Are Guarantor Mortgages At 40%, 50%, or 60% LTV?

The guarantor – usually a family member – agrees to be responsible for the mortgage repayments if the borrower defaults. They offer their own property or savings as collateral, providing the lender with added security. With a 40%, 50%, or 60% LTV guarantor mortgage, the borrower typically needs a smaller deposit or equity contribution since the lender has the additional guarantee from the guarantor.

Can You Get A 40%, 50%, or 60% 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.

What Are the Eligibility Criteria For 40%, 50%, or 60% LTV Mortgages?

The eligibility criteria for 40%, 50%, or 60% LTV mortgages can vary depending on the lender and individual circumstances. While specific requirements may differ, here are some common eligibility factors:

  1. You will need a deposit or equity equivalent to 40%, 50%, or 60% of the property’s value, depending on the desired LTV ratio.
  2. A good credit score enhances your chances of qualifying for the desired LTV mortgage.
  3. Lenders assess your income, including employment or self-employment income, to ensure you can afford the mortgage repayments.
  4. Lenders often subject applicants to an affordability stress test to determine if they can still manage mortgage repayments if interest rates rise in the future.
  5. Lenders typically prefer borrowers with a stable employment history. However, self-employed individuals may also qualify for 40%, 50%, or 60% LTV mortgages by providing additional documentation such as tax returns or business accounts.

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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