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70%, 80%, 90% LTV Mortgages

At Deedle Finance, we are committed to helping you find the most competitive rates for 70%, 80%, and 90% LTV mortgages. Our focus is understanding your needs and searching for the best deals tailored to you.

Our mortgage advisors search through thousands of market deals to secure the best rates, helping you get on the property ladder quickly and easily.

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How To Get A 70%, 80%, 90% 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
Get A Callback
Upon form submission, our team of advisors will quickly reach out to provide guidance and support throughout the mortgage process.
Step 3
Check If You Qualify
Our advisors will gather important details, like your yearly income, to evaluate your borrowing capacity and secure the best interest rates for you.
Step 4
Receive Your 70%, 80%, 90% 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-70-80-90-ltv-mortgage

What Are 70%, 80%, 90% LTV Mortgages?

70%, 80%, and 90% LTV (Loan-to-Value) mortgages refer to different borrowing levels in relation to the property’s value.

  1. A 70% LTV mortgage means borrowing 70% of the property’s value, while providing a deposit or equity equivalent to the remaining 30%.
  2. An 80% LTV mortgage means borrowing 80% of the property’s value, with a deposit or equity contribution of 20%.
  3. A 90% LTV mortgage allows you to borrow up to 90% of the property’s value, requiring a deposit or equity of 10%.

A higher LTV generally indicates more risk to lenders, potentially resulting in less favourable borrowing terms, such as higher interest rates or access to a narrower range of mortgage products.

Who Are 70%, 80%, 90% LTV Mortgages For?

Anyone can get a 70%, 80% or 90% mortgage, but they are very popular with:

  • First-time buyers
  • Young professionals
  • New graduates
  • Self-employed individuals
  • New families
  • Second steppers
  • Individuals with limited equity
  • Existing homeowners
  • Individuals with limited savings
  • Buyers with moderate to good credit
Who-Are-70-80-90-LTV-Mortgages-For

Different Types of 70%, 80%, 90% LTV Mortgages Available

Features

Fixed Rate Mortgage

Variable Rate Mortgage

Tracker Rate Mortgage

Discounted Rate Mortgage
Interest Rate Fixed for a set period Fluctuates with market changes Tracks a specified benchmark
Offers a discount off the lender’s SVR
Payment Stability Provides predictability with fixed payments Payments can vary with interest rate changes Payments reflect changes in the base rate/index
Initial lower payments during the discount period
Potential Savings N/A Potential savings if rates drop N/A N/A
Duration Set period (usually 2 to 10 years) Ongoing Ongoing
Set period (usually 1 to 5 years)
Suitable for Borrowers seeking stability and predictability Borrowers who can handle interest rate changes Borrowers who want rates tied to a benchmark
Borrowers seeking lower initial payments

Get The Best Rates For 70%, 80%, 90% LTV Mortgages

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Why Should I Get A 70%, 80%, 90% LTV Mortgage With Deedle?

At Deedle, we understand the challenges of home-buying. That’s why we provide unlimited support to navigate the process. Our dedicated mortgage advisors will guide you, handle paperwork, liaise with lenders, and ensure a seamless experience. We save you time, reduce stress, and streamline the process.

Regardless of your credit history, self-employment, or retirement age, our expert team is here to help you find the ideal mortgage. With extensive industry experience, we search thousands of deals to find the perfect fit for your situation and preferences.

What Are the Monthly Repayments For a 70%, 80%, 90% LTV Mortgage?

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

70% LTV Mortgage:

  • Loan amount: £175,000 (70% of the property value)
  • Interest rate: 2.5%
  • Common mortgage term: 25 years
  • Monthly repayment: £788.82

80% LTV Mortgage

  • Loan amount: £200,000 (80% of the property value)
  • Interest rate: 2.75%
  • Common mortgage term: 30 years
  • Monthly repayment: £816.68

90% LTV Mortgage:

  • Loan amount: £225,000 (90% of the property value)
  • Interest rate: 3.0%
  • Common mortgage term: 20 years
  • Monthly repayment: £1,364.64

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Is a 70%, 80%, or 90% LTV Mortgage A Good Deal?

Yes, you can get very good deals for 70%, 80%, or 90% LTV mortgages. Whether a mortgage is a good deal depends on various factors, including individual circumstances, market conditions, and personal preferences.

Higher ratios require a lower deposit, which can reduce a significant upfront cost. However, they may come with slightly higher interest rates, which can affect the overall cost of borrowing.

Higher LTV mortgages may result in higher monthly payments due to larger loan amounts. They can also provide easier access to property ownership, especially for first-time buyers or those with limited savings. This can be advantageous if property prices are rising or if you need to secure a property quickly.

Lenders generally consider an 80% LTV ratio or lower as a good deal. (Source)

How Do I Improve My Chances of Getting Approved For a 70%, 80%, 90% LTV Mortgage?

To improve your chances of getting approved for a 70%, 80%, or 90% LTV mortgage, consider the following ideas:

  1. Improve your credit score
  2. Save for a larger deposit
  3. Maintain a stable income
  4. Manage your debts
  5. Avoid financial mistakes like late payments on loans

Increasing your deposit amount reduces the loan-to-value ratio, making you a less risky borrower. Saving for a larger deposit can improve your chances of approval and potentially secure better interest rates.

Frequently Asked Questions About 70%, 80%, 90% LTV Mortgages

Can First Time Buyers Get 70%, 80%, 90% LTV Mortgages?

Yes, first-time buyers can get 70%, 80%, and 90% LTV mortgages. These mortgages enable first-time buyers to enter the property market with a smaller deposit.

During periods of smooth market conditions and when lenders are more willing to take on higher LTV loans, first-time buyers have a better chance of accessing 70%, 80%, or 90% LTV mortgages. Government schemes and initiatives aimed at assisting first-time buyers can also contribute to increased availability.

How Much Deposit Is Needed For a 70%, 80% or 90% LTV Mortgage?

For a 70%, 80%, or 90% LTV mortgage, the deposit required will depend on the LTV ratio itself.

  1. 70% LTV: A 30% deposit is required. For example, if you are purchasing a property worth £250,000, you would need a deposit of £75,000 (30% of £250,000).
  2. 80% LTV: A 20% deposit is required. Using the same example, you would need a deposit of £50,000 (20% of £250,000).
  3. 90% LTV: A 10% deposit is required. In this case, you would need a deposit of £25,000 (10% of £250,000) for the property.

What Are Guarantor Mortgages At 70%, 80%, 90% LTV?

Guarantor mortgages at 70%, 80%, or 90% LTV ratios involve a third party, typically a family member or close relative, acting as a guarantor for the mortgage. The guarantor provides additional security for the lender by offering their own property or savings as collateral if the borrower is unable to meet the mortgage repayments.

These types of mortgages are designed to help borrowers who may have difficulty meeting the standard lending criteria, such as first-time buyers or those with limited deposits or imperfect credit histories.

Can You Get A 70%, 80%, 90% LTV Mortgage For Bad Credit First Time Buyer?

Yes. Getting a mortgage as a first-time buyer with a poor credit score is possible.

Obtaining a 70%, 80%, or 90% loan-to-value mortgage as a first-time buyer with bad credit can be challenging but not impossible. Bad credit can make it more difficult to secure a mortgage, as lenders may perceive it as a higher risk.

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. Apply with us today and we will help you through the process.

What Are the Eligibility Criteria For 70%, 80%, 90% LTV Mortgages?

The eligibility criteria for 70%, 80%, or 90% loan-to-value (LTV) mortgages can vary depending on the specific lender and market conditions. However, there are common factors that lenders typically consider when assessing eligibility:

  1. You will need to have a deposit available to meet the LTV ratio requirement. For example, for a 90% LTV mortgage, you would typically need a 10% deposit.
  2. Lenders will review your credit history to assess your creditworthiness. They will consider factors such as missed payments, defaults, and outstanding debts.
  3. Lenders assess your income and financial stability to determine whether you can afford the mortgage repayments.
  4. Some lenders have age restrictions, requiring borrowers to be above a certain age.
  5. You will need to provide supporting documents, such as identification, proof of income (pay stubs, tax returns), bank statements, and details of existing debts.

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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