Compare 85% LTV Mortgages Online

Looking for the best 85% mortgages?

Our quote comparison tool can help you compare 85% LTV mortgages from mortgage providers across the UK. Comparing quotes can give you the chance to find a good interest rate and can help you save money in the long run. Quotezone is here to make quote comparisons simple.

What is an 85% LTV mortgage?

An LTV mortgage or Loan To Value mortgage denotes how much you borrow for buying a house. An 85% LTV mortgage means that the loan you borrow is 85% of the total value of the property. The other 15% would usually be the deposit that you pay towards the property.

What is a good LTV?

Generally, people advise that you should aim for the lowest LTV that you can. The less money you have to borrow, the less interest you will end up paying in the long run. However, you need to make sure that you can pay the deposit without causing yourself financial difficulties.

Use a quote comparison tool to find the best 85% mortgages for you on the market.

When is a good time to get a mortgage?

The right time for buying a house and getting a mortgage will be different for everyone. Generally, you should only buy a house when are sure you can afford to make the repayments. However, some people also advise buying a house as quickly as possible in order to make the most of owning a home.

Why is interest high on an 85% LTV mortgage?

Usually, the more money you borrow from a mortgage lender, the higher your interest rate will be. This is because someone who owes more money to their mortgage lender will be considered a higher risk. However, you can compare 85% LTV mortgage quotes to help find a better interest rate.

Is 15% deposit good?

The minimum deposit amount for a mortgage is usually 5% or 10% depending on the mortgage lender you choose. However, any deposit amount above the minimum can help you get a lower interest rate and means that you will have less to pay off in total.

What is the highest LTV available?

The highest LTV you can get will depend on the mortgage lender you choose. Some of the UK mortgage providers may allow you to use a 95% LTV. A 100% LTV mortgage is less common, but a guarantor mortgage or similar may allow you to take advantage of a 100% LTV.

Is an 85 percent mortgage a secured loan?

Yes, any type of mortgage is considered a secured loan. This is because you borrow the money with the house as an asset. If you fail to pay off your mortgage, the house can be seized to cover the remaining payments.