The Best 75 Per Cent LTV Mortgage Deals | moneyfacts.co.uk

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Derin Clark

Derin Clark

Online Reporter
Published: 04/08/2021

Lenders have been making headlines over the last few weeks as they compete to offer record low mortgage rates, but many of these rates are only available to those who are looking for a mortgage deal at a loan-to-value (LTV) of 60% or less.

For homeowners who own less equity in their property, these headline-grabbing rates will be out of reach, but there are still some highly competitive deals available. Here we look at some of the most competitive two and five year fixed mortgage deals for homeowners looking to remortgage or move home at a 75% LTV.

The best 75% LTV two year fixed remortgage deals

Although many lenders are now offering sub-1% two year fixed remortgage deals, just one bank offers a rate below 1% for those with a 75% LTV. Platform, which is part of The Co-operative Bank, offers 0.99% (3.9% APRC) fixed until 31 October 2023, which then reverts to 4.34%. This deal charges £1,499 in product fees and comes with the incentive of free valuations, no legal fees and £250 cashback.

Despite having the lowest rate, due to fees charged, the Platform deal is not the best deal when it comes to the total cost of borrowing. Instead, the most competitive deal when taking into account fees, is Barclays Mortgage’s deal offering 1.05% (3.2% APRC) which then reverts to 3.59%. This deal charges £999 in product fees and comes with the incentive of free valuations, as well as either no legal fees or £250 cashback.

The best 75% LTV five year fixed remortgage deals

Homeowners looking to remortgage onto a five year deal at a 75% LTV will find that Barclays Mortgage has the lowest rate offering 1.25% (2.8% APRC) fixed until 30 November 2026, after which it reverts to 3.59%. This deal charges £999 in product fees and comes with the incentive of free valuations, along with the choice of no legal fees or£250 cashback.

When looking for the deal that offers the best total cost of borrowing, this deal from Barclays Mortgage again is the most competitive. Fixed deals are the next most competitive when looking at the total cost of borrowing. NatWest, Royal Bank of Scotland and NatWest Int Sols (which is only available through selected mortgage brokers). These deals offer 1.29% (2.7% APRC) fixed until 30 November 2026 and then revert to 3.59%. They charge £995 in product fees and come with the incentive of free valuations, no legal fees and £250 cashback.

The best 75% LTV two year fixed moving home deals

Similar to the best remortgage deals, the lowest two year fixed rate for those looking to move home comes from Platform. This deal offers 0.99% (3.8% APRC) fixed until 31 October 2023, after which it reverts to 4.34%. It charges £1,499 in product fees and has the incentive of free valuations and £250 cashback.

The most competitive deal when looking at the total cost of borrowing comes from Barclays Mortgage, which offers 1.05% (3.2% APRC) fixed until 30 November 2023 and then reverts to 3.59%. This deal charges £999 in product fees. It comes with the incentive of free valuations for properties valued to a maximum of £2 million.

The best 75% LTV five year fixed moving home deals

The lowest rate for those looking for a five year fixed moving home deal at a 75% LTV comes from Nationwide Building Society, which offers 1.23% (2.7% APRC) fixed for five years and then reverts to 3.59%. This deal is only available to those looking to borrow a minimum of £275,000. It charges £1,499 in product fees and comes with the incentive of free valuations as well as a green reward of up to £500 for eligible properties.

When looking at the total cost of borrowing the most competitive deal comes from Barclays Mortgage, which offers 1.25% (2.7% APRC) fixed until 30 November 2026, after which it reverts to 3.59%. This deal charges £599 in product fees and comes with the incentive of free valuations for properties valued to a maximum of £2 million.

Readers of Moneyfacts.co.uk can speak to a mortgage broker for free when using our preferred brokers, Mortgage Advice Bureau. More information about this offer can be found here.

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