80% LTV Mortgages - Compare 80% Mortgage Deals | moneyfacts.co.uk

80% LTV Mortgages

  - Compare repayments for 80% LTV mortgages with our easy-to-use calculator
 
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Searching all 5619 mortgages, the following best match your search criteria and are displayed in order of lowest initial rate.

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Rate APRC Mortgage Type Product Fees Initial Monthly Payment Total Amount Repayable Apply Today

1.49% reverting to 5.34% 4.8% Discounted Variable to 2 Years £1,499 £798.93 £345,541 Details...
Speak to an Adviser
Representative Example: 24 monthly payments of £798.93 and 276 monthly payments of £1175.50. Total interest of £143,612, valuation fees of £260 and product fees of £1499.

1.54% reverting to 4.69% 4.8% Variable to 31/01/2021 £999 £803.64 £347,392 Details...
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Representative Example: 26 monthly payments of £803.64 at a tracker rate of 1.54%, 36 monthly payments of £1104.49 and 238 monthly payments of £1199.53. Total interest of £146,144, valuation fees of £0 and product fees of £999.

1.55% reverting to 5.79% 5.2% Discounted Variable to 2 Years £999 £804.58 £358,953 Details...
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Representative Example: 24 monthly payments of £804.58 and 276 monthly payments of £1225.36. Total interest of £157,509, valuation fees of £305 and product fees of £999.

1.58% reverting to 4.74% 4.3% Discounted Variable to 2 Years £699 £807.41 £327,615 Details...
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Representative Example: 24 monthly payments of £807.41 and 276 monthly payments of £1112.35. Total interest of £126,386, valuation fees of £330 and product fees of £699.

1.59% reverting to 5.95% 5.2% Discounted Variable to 28/02/2021 £1,119 £808.36 £361,254 Details...
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Representative Example: 27 monthly payments of £808.36 and 273 monthly payments of £1238.68. Total interest of £159,985, valuation fees of £0 and product fees of £1119.

1.60% reverting to 5.44% 4.9% Fixed to 31/01/2021 £1,749 £809.30 £347,541 Details...
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Representative Example: 26 monthly payments of £809.30 and 274 monthly payments of £1184.69. Total interest of £145,647, valuation fees of £0 and product fees of £1749.

1.62% reverting to 4.69% 4.9% Fixed to 31/01/2021 £1,999 £811.20 £348,836 Details...
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Representative Example: 26 monthly payments of £811.20, 36 monthly payments of £1105.33 and 238 monthly payments of £1200.44. Total interest of £146,588, valuation fees of £0 and product fees of £1999.

1.64% reverting to 4.49% 4.1% Fixed to 31/12/2020 £995 £813.10 £320,065 Details...
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Representative Example: 25 monthly payments of £813.10 and 275 monthly payments of £1085.79. Total interest of £118,920, valuation fees of £0 and product fees of £995.

1.64% reverting to 4.49% 4.1% Fixed to 31/12/2020 £995 £813.10 £320,065 Details...
Speak to an Adviser
Representative Example: 25 monthly payments of £813.10 and 275 monthly payments of £1085.79. Total interest of £118,920, valuation fees of £0 and product fees of £995.

1.64% reverting to 4.99% 4.5% Variable to 2 Years £995 £813.10 £335,104 Details...
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Representative Example: 24 monthly payments of £813.10 at a tracker rate of 1.64% and 276 monthly payments of £1139.42. Total interest of £133,994, valuation fees of £0 and product fees of £995.

1.67% reverting to 4.69% 4.9% Fixed to 31/01/2021 £1,999 £815.95 £349,111 Details...
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Representative Example: 26 monthly payments of £815.95, 36 monthly payments of £1105.85 and 238 monthly payments of £1201.00. Total interest of £146,863, valuation fees of £0 and product fees of £1999.

1.68% reverting to 4.74% 4.3% Fixed to 31/12/2020 £1,495 £816.90 £328,029 Details...
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Representative Example: 25 monthly payments of £816.90 and 275 monthly payments of £1112.24. Total interest of £126,289, valuation fees of £0 and product fees of £1495.

1.68% reverting to 4.74% 4.3% Discounted Variable to 2 Years £699 £816.90 £328,111 Details...
Speak to an Adviser
Representative Example: 24 monthly payments of £816.90 and 276 monthly payments of £1113.32. Total interest of £126,882, valuation fees of £330 and product fees of £699.

1.69% reverting to 4.25% 4.3% Discounted Variable to 28/02/2021 £495 £817.85 £328,166 Details...
Speak to an Adviser
Representative Example: 27 monthly payments of £817.85, 36 monthly payments of £1059.82 and 237 monthly payments of £1127.83. Total interest of £127,531, valuation fees of £0 and product fees of £495.

1.69% reverting to 5.2% 4.7% Fixed to 31/01/2021 £999 £817.85 £340,721 Details...
Go to Site
Representative Example: 26 monthly payments of £817.85 and 274 monthly payments of £1159.90. Total interest of £139,077, valuation fees of £400 and product fees of £999.
Now showing 1 to 15 of 1476 results
Disclaimer:

Credit will be secured by a mortgage on your property. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Written quotations are available from individual lenders. Loans are subject to status and valuation and are not available to persons under the age of 18. All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing.

 

80% loan-to-value mortgage explained

If you’re not sure an 80% LTV mortgage is what you’re looking for, read on to find out what they are, their advantages and disadvantages, and alternatives if you discover you don’t qualify.

On this page:

  1. What does 80% LTV mean?
  2. How do 80% LTV mortgages work?
  3. Advantages and disadvantages
  4. Should I use a mortgage broker?
  5. Alternatives

What does 80% LTV mean?

LTV, short for loan-to-value, is a percentage figure that reflects the amount of mortgage you’re looking for in relation to the value of a property. It specifies the percentage of the property that’s mortgaged compared to the part that’s yours, thanks to either your deposit or equity from a former home. So, a mortgage at 80% LTV means you’ll have a loan that’s worth 80% of the property’s value, while you’ll own (or have equity of) 20%.

This is particularly handy when figuring out how much money you’ll need to put in. If you’re looking at getting an 80% LTV mortgage on a property that’s valued at £200,000, you know you’ll need a deposit of at least £40,000 to cover it, or alternatively have that amount paid off on the mortgage of your current property (if you’re planning to move). Looking at it the other way, you can see from the money you’ve put aside for a deposit and the price of the home you’re looking to buy which loan-to-value you will need.

Note that in general, the lower the LTV, the lower the rate you’ll be able to get. This means that if you currently have enough to get an 85% LTV mortgage, but you can get an 80% one if you save just a bit more, it could certainly pay to get that little bit extra to invest.

How do 80% LTV mortgages work?

The mortgages displayed on this page encompass all major types, unless you specify otherwise. This means you’ll find the best 80% LTV mortgage, i.e. the one with the lowest rate and therefore lowest monthly repayment amount, at the top. This could be a variable or a fixed rate deal, depending on the wider mortgage market.

If in the column for Mortgage Type you see Variable, this means that the rate could change at any time if the market or wider economy shifts. If it says Discounted Variable, this means you’ll get a rate that is a set percentage below the provider’s standard variable rate (SVR) for a certain number of years. A deal that says Fixed comes with a rate that can’t change until the initial term of the deal is up. Capped mortgages come with a variable rate that can’t go above a certain amount (but tend to come with higher initial interest rates compared to simple variable rate mortgages), while tracker rate mortgages follow a specific external rate, usually the Bank of England base rate.

As you can see, most deals tend to only last for a certain number of years or even until a specific date. After this initial term is up, your rate with revert to the lender’s SVR unless you remortgage in time. If you find a deal that is ‘for Term’, it means that you could have that mortgage for the entire 25 years or so that it would take you to repay the loan (provided you don’t pick an interest-only mortgage, in which case you’d still owe the exact same amount at the end of the term).

While it may be easy to have just one mortgage for the entire loan term and it means you’d only have to pay any product fees once, it’s highly likely that the rate you get won’t be the most competitive on the market, certainly not after a while. That’s why, no matter what kind of mortgage you have, it’s always a good idea to keep an eye on the Best Buys – especially if your initial deal period is about to end.

Finally, before you start applying for mortgages based on the list above, remember that the success of your application will depend on your credit rating, among other things, and that a failed application will decrease your credit score. So, do your homework and improve your score if needed to ensure you’ll be able to get the first mortgage you apply for.

Advantages and disadvantages

As stated, the main advantage of an 80% LTV mortgage is that they’re generally cheaper than 85% or 90% alternatives, and almost certainly a better deal than first-time buyer mortgages. What’s more, thanks to the comprehensive mortgage search, you can tailor your search so you can easily find the most suitable mortgage for your needs, while easily seeing how much you’d need to pay each month should your application be accepted.

There are a few things to look out for, however. For one, you will notice that many mortgages may come with product fees, which can make the mortgage more expensive over the long run, so keep these extra upfront costs in mind when comparing the products on offer. Another potential disadvantage when it comes to 80% LTV mortgage deals is that if you stick with them for too long, you may be overpaying as you could qualify for a 75% or even 70% LTV mortgage (provided you’re on a repayment deal). This is another reason why it pays to review your mortgage deal every half year or so and keep an eye on the Best Buy charts.

When looking at the details of any mortgage it’s also a good idea to see what the early repayment charges would be and if your mortgage is portable. This way, you will already know what you’d need to pay if you needed to remortgage early for whatever reason and you’ll be prepared if you decided to move home – not all mortgages allow you to port the deal over to a new home, and the ones that do allow it may require additional fees to be paid.

Should I use a mortgage broker?

If you’re still not sure what kind of mortgage is right for you, you could consider using a mortgage broker. Not only can they provide valuable advice, but they may also have access to 80% LTV mortgage deals that are not available directly and therefore not on our charts.

However, keep in mind that you will have to pay a fee for such a service. Of course, it’s entirely possible that you will end up saving money anyhow thanks to the broker finding you a cheaper deal than you would have been able to get on your own, but it’s up to you whether you want to try talking to an adviser or go it alone – you can easily request a call-back here.

Alternatives

It’s easy to change the calculator above so you are looking at mortgages with different LTVs or focus on a specific type. If you know exactly what kind of mortgage you want, you could also make things easy for yourself by going directly to the relevant Best Buy chart.

Written by Lieke Braadbaart, last updated: 16/10/2018

 
 
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