60% LTV Mortgage

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Why Choose Ascot Mortgages

0 %
5-star reviews on Google
years we have been as independent mortgage and protection brokers
0 %
customer satisfaction for finding the best deals on the UK market
£ 0
total donated to various charities

Why Choose Ascot Mortgages

0 %
5-star reviews on Google
£ 0
total donated to various charities
years we have been as independent mortgage and protection brokers
0 %
customer satisfaction for finding the best deals on the UK market

Navigating the mortgage landscape can be a daunting task. As a seasoned mortgage advisor in the UK, I often hear clients ask about the best deals and options they should consider for their financial well-being. One such option that captures attention is the “60% LTV mortgage.” This mortgage type offers competitive rates, manageable repayments, and greater financial flexibility, making it a popular choice for borrowers who have saved a substantial deposit. Ascot Mortgages is pleased to provide this option for you, ensuring you have access to one of the most financially advantageous mortgage options available in the market.

What Our Clients Say About Us

5.0 Based on 142 reviews from review us onAreti D. ★★★★★ Absolutely thrilled with the exceptional service provided by Ascot Mortgages Ltd and especially by Natalia Barry! Even though our home purchase hasn't been completed yet, we couldn't wait to share our positive experience. From the moment we reached out, their professionalism and expertise shone through, making the daunting process of securing a mortgage a breeze.Not only did Natalia navigate the intricacies of the mortgage market with finesse, but they went above and beyond by suggesting other high-quality services, including solicitors and insurance providers. This comprehensive approach is making the entire home-buying journey seamless and stress-free.Natalia took the time to understand our unique needs and financial situation, ensuring that the options presented were tailored perfectly.Communication is prompt and clear throughout, leaving us feeling informed and confident at every stage. Natalia had our best interests at heart, going the extra mile to secure a fantastic mortgage deal.We cannot recommend Ascot Mortgages and Natalia highly enough. If you're in need of mortgage assistance, look no further. With their expertise and dedication to client satisfaction, you're in the best hands possible. A huge thank you to Natalia for making our home-buying experience a dream come true!Ashley Cox 1. ★★★★★ Would 100% recommend. Myself and my partner are currently going through the mortgage process as first time buyers. Natalia Barry has dealt with our application from day one. She has always been on hand to help, informative throughout and reliable when we have had questions. She has given us several options and broken them down into simple terms to help us. Natalia has truly been exceptional who deserves every bit of credit. We certainly got lucky having her as our first mortgage consultant.Dominik S. ★★★★★ Alison and the Ascot Team are excellent. I have used them for 5 years now and they deliver the most competitive mortgage deals fast. Just what I need. Thank you!Eric T. ★★★★★ We have dealt with Ascot Mortgages twice. Once for a mortgage about eleven years ago and recently for life insurance.In both cases we were treated with the utmost respect and professionalism.In the case of the life insurance application, we considered ourselves to be problem customers because of our age and numerous health issues.Richard Johnson, who managed this application couldn't have been more helpful.He worked in our best interest and was dedicated to providing an excellent service.We were kept up to date through all of the stages of the application and when our doctors were very slow in producing medical reports for the insurance company he persisted where others might have given up.The service we had from Richard was pleasant and professional throughout some difficult stages.My wife and I have no hesitation in recommending Ascot Mortgages.Zack R. ★★★★★ Having dealt with Ascot Mortgages and Alison for many years now I can say that you wont find a more professional, knowledgeable and efficient company to help with your mortgage. Alison is patient and makes the whole process seem easy. She has the answer to any question you have and seems to genuinely care. I can not recommend enough. I am sure I will be using Ascot Mortgages for years to come.Umair Z. ★★★★★ It has been a fantastic experience to work with both Phil and Jardelle at Ascot Mortgages to secure a mortgage product for my first home. Phil made the mortgage process smooth and easy. They are professionals and know what they are doing. Very pleased with the service and communication. would highly recommend them.Hello at NLP West M. ★★★★★ I needed a buy to let re-mortgage. Ascot were efficient from start to finish. I can recommend them completely especially because they can search the whole spectrum of mortgage lenders and meet the clients needs. never waiting for staff to get back and always kept me in the loop.Onohomen O. ★★★★★ ZHOU J. ★★★★★ It has been a brilliant experience to work with both Phil and Jardelle at Ascot Mortgages to secure a great mortgage product for our next home. Given how challenging the current market is, they have done a fantastic job to meet our needs with their expertise, professionalism and effectiveness. We would highly recommend their services to whom seeks help with their property purchase.Nicholas S. ★★★★★ Fantastic service. Ellie and Jardelle were always quick to reply to any queries and very helpful throughout the process. Highly recommend!Stacey S. ★★★★★ Jason was brilliant to work with! Always on top of the transaction! Would highly recommend 👍Scott ★★★★★ Although I've not bought anything yet, they (Jason in particular) have been super helpful in my search for the right mortgage deal, whilst also giving an honest opinion during these difficult times. Would highly recommend.Sandra I. ★★★★★ Fantastic from start to finish! Natalia and Jason found me the best rate for my remortgage and they were extremely efficient! Best service I’ve ever received from a brokerage company. Thanks so much.Virmantas N. ★★★★★ Amazing service and great communication. Ellie Morgan had quickly completed all requests and over delivered all expectations.Highly recommended for those who want to get the stuff done without any delays!David W. ★★★★★ I have used ascot for 3 renewals since they done helped me with my purchase which was complicated and will continue to use them going forward. Very fair prices and very helpful and knowledgeable even with just general information.Adam B. ★★★★★ Natalia made life very easy for us when remortgaging. Third time using ascot always a breezeTaff G. ★★★★★ Ascot Mortgages have been brilliant. Easy to work with and incredibly helpful. I am always happy to recommend them. Natalia and Jason have made the whole process much easier than I was expecting. Excellent service.Daryl L. ★★★★★ We've had a fantastic experience with Natalia Barry and Jason Jones at Ascot Mortgages for our property purchases and refinancing. Their expertise, coupled with genuine care and understanding of our needs, made the process smooth and stress-free.They were consistently communicative, keeping us informed at every step. Their assistance in consolidating our protection cover was invaluable, simplifying what could have been a complex process.What set them apart was their personal touch – always polite and ready to pick up the phone for a chat. This level of personal engagement is rare and much appreciated.In short, Natalia and Jason are not just skilled professionals but also truly dedicated to their clients. We highly recommend their services to anyone in need of mortgage advice.Sarah A. ★★★★★ I have used this firm for several years and they have always been super helpful and supportive, attentive and resolved issues in really useful ways. Shout out to Alison, Ellie and Jardelle (and the team!)Georgia W. ★★★★★ We worked with Ellie to secure our mortgage and protection, and she was a dream! Being a first time buyer, I was quite clueless about the process, and in a time where mortgage rates have been quite high, she worked right til the end to make sure we were getting our mortgage at the best possible rate and was always available to answer all questions I had. Can't recommend enough 🙂Richard D. ★★★★★ Laura S. ★★★★★ As a first time buyer, trying to navigate through potential mortgages was a very daunting thought. Ascot Mortgages were recommended to me and I've been extremely happy with the service provided. They have guided me through every step and I finally have a mortgage. Very pleased and would recommend.Lucy B. ★★★★★ Having Phil as my mortgage advisor was great from the very start! He is down to earth and speaking to him was always a pleasure. The kindness, compassion and support I have been given all the way through what can be a stressful process was immeasurable. Phil and Jardelle worked as a solid team and was able to make me feel at ease all the way through buying my first home. The team were always available and the communication between everyone was always clear and I felt safe in the hands of the company as a whole. Thank you for helping me buy my first home!Flora R. ★★★★★ I worked with Richard (Protection Adviser) for a couple of days to sort out life and critical illness insurance. Absolutely brilliant, he found me and my husband the perfect policy. Very knowledgeable and easy to get on, he definetely makes things easy to understand. Thank you for the great service provided.Matthew R. ★★★★★ I've dealt with Phil at Ascot Mortgages for a while now and Phil always comes back back to me with the right plan.Keep the good work up!js_loader

Written by:

Alison Gibson

Ascot Mortgage Expert

Last Updated:


Written by:

Alison Gibson

Ascot Mortgage Expert

Last Updated:


What is a 60% LTV Mortgage?

LTV stands for “Loan-to-Value,” a term used to describe the ratio between the loan you’re taking out and the value of the property you intend to buy. In a 60% LTV mortgage, you are borrowing 60% of the property’s value, and the remaining 40% comes from your deposit. This is often referred to as a 40% deposit mortgage. 

  • Loan Amount: The money you borrow from the lender.
  • Property Value: The full market value of the property you aim to buy.
  • Deposit: The initial sum of money you pay upfront.
  • LTV: (Loan Amount/ Property Value) x 100

For example, if you want to buy a property worth £300,000, a 60% LTV mortgage would mean:

– Loan Amount: £180,000

– Deposit: £120,000

– LTV: (180,000/300,000) x 100 = 60%

Mortgage Repayment Calculator

How Do 60% LTV Mortgages Work?

60% LTV mortgages operate like other standard mortgages but offer advantages like lower interest rates due to the lower risk involved for the lender. Here’s how it typically works:

  1. Application: You apply for a 60% LTV mortgage with your chosen lender.
  2. Approval: The lender assesses your financial situation, credit score, and the property you wish to buy.
  3. Offer: If approved, the lender will make you a mortgage offer, detailing the terms, rate, fee, and repayment structure.
  4. Completion: Once you accept the offer, you pay the deposit, and the lender provides the 60% loan amount, enabling you to complete the property purchase.
  5. Repayment: Over the mortgage term, you make regular repayments covering the interest and, usually, some of the principal amount.

Key Points to Remember:

Interest Rates: The interest rate may be fixed or variable, depending on what the lender offers and what you choose.

Fees: These could include arrangement fees, valuation fees, and other administrative costs.

Repayment Period: The duration can vary, but a 25-30 year period is common.

Why Get a 60% LTV Mortgage?

For those who have saved a significant deposit, 60% LTV mortgages present an appealing option for several reasons:

  1. Lower Interest Rates: The most attractive feature is undoubtedly the lower rate of interest that these mortgages offer. 
  2. Easier Approval: With a large deposit, lenders view you as a lower-risk borrower.
  3. Flexible Repayment Options: Many lenders offer flexibility in repayment terms.
  4. Equity: A smaller loan means you own a larger portion of your property outright, giving you more equity.

Expert Opinion:

If you have the means to opt for a 60% LTV mortgage, doing so is often in your best interest. It provides both short-term and long-term benefits, allowing you to save money in the form of reduced interest payments over the term of the loan.

What Types of 60% LTV Mortgage Rates Could I Get?

While there are several deals available in the market, the best 60 LTV mortgages are generally available in two types:

  1. Fixed-Rate Mortgages: The interest rate is set for a specified period, usually between 2 to 5 years. This allows for consistent repayments but may involve higher fees if you wish to switch before the fixed term ends.
  1. Variable-Rate Mortgages (also known as Tracker Rates): The interest rate can change based on the lender’s rate or external economic factors. These offer more flexibility but come with the risk of increasing repayments.

Alison Gibson

Ascot Mortgage Expert


Remortgaging is applied when you keep

living in your present property while applying for another mortgage deal with a new lender. Before finding out how to remortgage and get the best offers from experts like Ascot Mortgages, you have to check meeting what parameters of the deal that can help you succeed the most. The range of background factors varies a lot — from the recently changed loan-to-value ratio or your existing agreement coming to an end.

Whether you are trying to get a more beneficial deal or searching for funding to improve your home conditions, remortgaging is one of the most advantageous scenarios to consider.

Advantages of 60% LTV Mortgages

Choosing a 60% LTV mortgage comes with numerous benefits:

  • Competitive Interest Rates: You’ll generally qualify for some of the best interest rates on the market.
  • Loan Flexibility: A smaller loan allows you greater freedom to make overpayments or take payment holidays, as permitted by the lender.
  • Equity Building: With a 40% deposit, you start with a large equity stake in your property, which could be beneficial if property prices fluctuate.
  • Easier Approval: Lenders are more likely to approve your application, as the risk for them is significantly reduced.

Disadvantages of 60% LTV Mortgages

However, like any financial product, 60% LTV mortgages aren’t for everyone:

  • Large Deposit: The most apparent downside is the requirement of a substantial deposit, which is not feasible for many.
  • Lost Opportunity: The money tied up in your property could potentially earn more in other investments.
  • Market Risks: If the property market falls, your high equity stake could depreciate, although this risk is somewhat mitigated by the lower loan value.
  • Early Repayment Fees: If you choose a fixed-rate deal, you may incur charges for overpayments or early full repayment.

In conclusion, 60% LTV mortgages offer an array of benefits for those who have the financial means to secure one. As always, it’s crucial to consult with a mortgage expert to find the best product that suits your needs and financial situation. 

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A 60% LTV mortgage means you’re borrowing only 60% of the property’s value, with the remaining 40% covered by your deposit or equity. Key benefits include:

– Lower Interest Rates: Since lenders perceive a lower risk with a higher deposit, they often offer more competitive interest rates for 60% LTV mortgages.
– Greater Chance of Approval: A larger deposit often means a better likelihood of mortgage approval as it demonstrates financial stability and commitment.
– Smaller Monthly Repayments: With a lower loan amount and potentially reduced interest rates, monthly repayments might be more manageable.

Yes, it is possible to secure a 60% LTV mortgage for a second home or investment property. However, the criteria might be slightly different compared to a primary residence, and interest rates might be higher. Lenders will consider the potential rental income (for buy-to-let properties) and any other associated costs when assessing eligibility.

As with most mortgages, there can be various fees associated with a 60% LTV mortgage. These might include:

– Arrangement Fees: Charged by the lender for the mortgage product selected.
– Valuation Fees: For assessing the property’s value.
– Early Repayment Charges: If you repay the mortgage ahead of the agreed product term.
– Legal Fees: For conveyancing processes.

It’s important to discuss with your lender or mortgage advisor to get a full breakdown of all potential fees.

If you’re struggling to meet the repayments on a 60% LTV mortgage, it’s crucial to contact your lender as soon as possible. They might be able to offer solutions such as a payment holiday, changing the repayment terms, or other adjustments. If repayments are continually missed without any agreement, the lender has the right to start the repossession process. However, lenders generally view repossession as a last resort and will typically work with borrowers to find alternative solutions.

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