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Why Choose Us

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

When you are on the lookout to buy a new property, understanding your mortgage options is crucial. As an expert in the UK mortgage market, I am here to guide you through the specifics of securing the best 80% LTV mortgages. From defining what an 80% LTV mortgage is to exploring the various rates offered by lenders, this extensive guide will help you find the best deal suitable for your financial circumstances.

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 an 80% LTV Mortgage?

Before we delve deeper, it is pivotal to understand what a 80% mortgage entails. LTV, or Loan-to-Value, is a financial term used to express the ratio of a loan to the value of an asset purchased.

In the context of 80% LTV mortgages, it translates to the fact that you borrow 80% of the property’s total value, while the remaining 20% comes from your own money as a deposit. Therefore, with a 20% deposit mortgage, you’re essentially securing a loan that covers the substantial majority of your home’s cost, facilitating a somewhat lighter financial burden when you’re preparing to buy a home.

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How do 80% LTV Mortgages Work?

Securing an 80% LTV mortgage can seem like a daunting task, but breaking it down into simpler terms can offer a clearer perspective. Let’s delve into the mechanics of how it works:

  1. Deposit: You will start by saving a 20% deposit of the property’s total value. This upfront payment is your stake in your home.
  2. Application: Once your deposit is ready, you proceed to apply with a lender who offers the best 80 LTV mortgages. The application process will involve a series of financial assessments to determine your repayment capacity.
  3. Interest Rates: Lenders offer different interest rates based on the LTV ratio. Generally, 80% LTV mortgages come with relatively favourable rates since the lender perceives a lower risk compared to higher LTV mortgages.
  4. Repayment: Once approved, you will be entering a repayment schedule where you will pay a monthly amount inclusive of the interest and a portion of the loan principal.
  5. Property Purchase: With the mortgage approved, you can proceed to buy your desired property.

Why Get an 80% LTV Mortgage?

Choosing to go with an 80% LTV mortgage comes with its own set of advantages. It is a popular choice and here are the reasons why:

  • Better Interest Rates: Generally, a lower LTV translates to lower interest rates as it reduces the lender’s risk.
  • More Affordable Home: With 80% financial assistance from your lender, you can afford to buy a home that might have been out of your reach otherwise.
  • Easier Approval: Lenders are more willing to offer 80% LTV mortgages since it involves a lower risk compared to mortgages with a higher LTV.

What Types of 80% LTV Mortgage Rates Could I Get?

The rate at which you borrow can significantly affect how much you end up paying in the long run. It’s essential to know the different rates available in the market to land the best deal. Here are the primary types of 80% LTV mortgage rates you might encounter:

  1. Fixed Rate: This type of rate implies that your repayments will remain the same throughout the fixed-rate term, offering stability in your financial planning.
  2. Variable Rate: This type encompasses several different mortgage deals, including standard variable rates where the rate can fluctuate based on the lender’s discretion.
  3. Tracker Rate: Under this rate, your interest rate will track a nominated interest rate (usually the Bank of England base rate) plus a set margin.
  4. Discounted Rate: Here, the interest rate is set at a discount below the lender’s standard variable rate for a set period.

Understanding the nuances of each rate type can aid in choosing the best 80 LTV mortgages that align with your financial planning.

Advantages of 80% LTV Mortgages

Securing an 80% mortgage comes with several benefits. Here, we highlight the advantages you stand to enjoy:

  1. Competitive Interest Rates: Often, these mortgages come with more competitive interest rates compared to higher LTV mortgages.
  2. Access to Better Deals: With a substantial deposit, you unlock the doorway to some of the best mortgage deals in the market.
  3. Flexible Repayment Terms: Many lenders offer flexible repayment options, making it easier to find a mortgage that suits your financial situation.
  4. Home Ownership Sooner: By borrowing a larger sum, you may be able to become a property owner sooner than if you were to save for a larger deposit.

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.

Disadvantages of 80% LTV Mortgages

Despite the many benefits, it is also crucial to be aware of the potential downsides to an 80% LTV mortgage:

  1. Higher Monthly Repayments: Since you’re borrowing a large sum of money, your monthly repayments will naturally be higher compared to having a smaller loan.
  2. Risk of Negative Equity: In a fluctuating property market, there is a risk that your property value could fall, leaving you in negative equity.
  3. Stricter Lending Criteria: Lenders might impose stringent lending criteria, making it slightly challenging to secure the loan.
  4. Potential for Higher Fees: Sometimes, 80% LTV mortgages might come with higher fees compared to other mortgage types.

In conclusion, 80% LTV mortgages offer a viable route to home ownership, balancing reasonable deposit requirements with competitive interest rates. As you navigate the mortgage landscape, remember to leverage expert advice to find the best mortgage deal that suits your needs perfectly. Always consider your repayment capacity to ensure that your dream home brings joy and not financial strain. With the right guidance and preparation, securing the best 80 LTV mortgages can be a smooth and rewarding journey to property ownership.

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While an 80% LTV mortgage offers a good balance between the deposit and loan amount, qualification isn’t solely based on the ability to provide a 20% deposit.

Lenders will consider:
– Affordability: Your income, outgoings, and other financial commitments.
– Credit History: A clean credit record can enhance approval chances.
– Stability: Employment status and history.
– Property Type: Some properties might have specific requirements.

Each lender has its criteria, so it’s always best to consult with a mortgage advisor to discuss your personal circumstances.

An 80% LTV mortgage means you’re borrowing 80% of the property’s value, with a 20% deposit upfront. Generally, a higher LTV, like 80%, may have slightly higher interest rates compared to lower LTVs. As a result:

– Interest Rates: You might face a slightly higher interest rate than if you had a lower LTV, increasing monthly payments.
– Loan Amount: As you’re borrowing a considerable portion of the property’s value, the loan amount is higher, potentially leading to higher monthly repayments.

However, various factors influence mortgage rates, so it’s vital to shop around or consult an advisor for the best deal.

Yes, your credit score plays a significant role in mortgage eligibility. Lenders use it as an indicator of how reliably you’ve managed past credit. A good credit score can enhance your chances of getting a competitive interest rate and approval for an 80% LTV mortgage. If there are issues on your credit report, it’s not impossible to get a mortgage, but you may face higher interest rates or stricter terms.

Yes, being self-employed doesn’t automatically exclude you from obtaining an 80% LTV mortgage. However, lenders will typically require:

– Proof of Income: Usually in the form of the last two or three years’ worth of accounts or tax returns.
– Stability: Evidence that your self-employment is stable and has a consistent or growing income.
– Accountant’s Statement: Some lenders may request a statement from a certified or chartered accountant.

The criteria can be stricter for self-employed applicants, but with the right documentation and advice from a mortgage advisor, securing an 80% LTV mortgage is achievable.

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