80% LTV Mortgages

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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 122 reviews from review us onLucy 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!rafal W. ★★★★★ I would thoroughly recommend Phil Greenwood at Ascot Mortgages ltd to anyone looking to seek advice on purchasing a home.Phil was absolutely fantastic. He made the process very smooth and easy and was always there to answer any questions I had.Shahid L. ★★★★★ This company has been truly amazing in constantly giving me the support and help i need for my mortgage and for their continuous work ethic guiding customers like myself and educating them into making the best possible decisions. My special mention goes to Phil Greenwood who deserves every single credit for his brilliant work and communication skills. The more I got to work with Phil, the more he gained my respect as he is a hugely likeable man and possibly the best mortgage advisor yet. Even after I finished my time with Ascot Mortgages, I will never lose my trust in the company and I hope they exceed their business and gain even more success and popularity.Best wishes,Shahid Latif and familyPretty L. ★★★★★ Phil helped me renew my mortgage. He was great at keeping me updated with any rate changes and secured a lower rate than at the time my mortgage went through. Thank you Ascot for your supportNikki E. ★★★★★ Huge thanks to Richard Johnson for sorting out all of my insurance policies! I had accumulated a variety of life cover and various other policies over the years that all needed a good review and refresh. Richard was extremely patient and helped me to remove the duplication and choose the best cover to suit our current needs. I have used Ascot Mortgages for over 12 years and have met several members of the team, always finding the right help and support to work through what can be a complicated and stressful time. Thanks again, Richard!Aamir R. ★★★★★ As first time buyers we had very little understanding of how to go about applying for a mortgage. Phil was so helpful in cutting through all of the formalities and helping us to decide which mortgage would be best for us also ensured we collated all the details needed and kept us up to date on progress. The process of finding the right house was very stressful but the process of choosing and applying for the mortgage and life cover has been so straight forward that, at times, we were worried it was all a bit too smooth! Thank you for guiding us through this so professionally and with real understanding and personality.Andrew T. ★★★★★ Working with Richard at Ascot has been a great experience. He listened to us and was very professional throughout. This was our first experience with Richard but we've been using Ascot now for 6-7 years. Thank you all at AscotAngie B. ★★★★★ Always give a great service and find you a mortgage in a timely fashion.Alison is awesomeAndrew M. ★★★★★ We have used Ascot Mortgages for over 5 years now and have had excellent service throughout, primarily with Alison and Kevin. Our latest dealings have been with Richard Johnson who although new to us (and to Ascot I believe) has once again provided the 5 star level of service we have come to expect. His product knowledge is excellent offering a range of options supported with consistent communication and updates, always available on the phone or on email every step of the way.Ali H ★★★★★ Excellent service, a big thanks to Natalia Barry for her excellent support with my buy to let mortgage application, Natalia was professional, transparent, and kept me informed during all the process, and thanks to Jason jones for his assistance and support.david R. ★★★★★ I have dealt with Ascot for many years now and will always go back, recently had all my insurances re done by Richard Johnston at the firm, excellent service, communication and swift actions by Richard. Great deals on all three insurances and would recommend anybody to go to Richard for help. Thanks Richard 👍Eve Alexandra C. ★★★★★ We used Ascot Mortgages to purchase a home as first time buyers, Ellie assisted us with this and went above and beyond to ensure everything went smoothly, all questions were answered, and any queries were solved.As first time buyers, myself and my partner were quite nervous and clueless as to what to expect when getting a mortgage and what not, and Ellie made this so simple and explained everything in a way that we thoroughly understood what was happening with our house buying journey, without it being pure jargon.I can't thank Ellie enough, she truly has been a star during the whole experience and is an asset to Ascot Mortgages.She is someone who I would definitely recommend to friends and family if the opportunity arises, and has made this whole experience a very stress free and exciting one!Thank you for everything Ellie!Emma W. ★★★★★ Alison helped me to get the right mortgage for my current situation and was very supportivehelen L. ★★★★★ Phil Greenwood dealt with my recent remortgage, he made sure I had the best product to fit our HMO criteria. Then chased solicitors for me and made sure I completed around the date I wanted to avoid my ridiculous rate I was about to be switched to. Thanks Phil, great job! Ready for my next mortgage now so I will be coming back 🙂Mark C ★★★★★ Excellent service from an excellent representative. Very professional and helpful company. Thank you for all your helpDamian L. ★★★★★ I recently purchased a buy-to-let from Auction and Ascot Mortgages, in tandem with Ascot Bridging Finance, supported me through the whole process. Once the property purchase via a bridging loan was complete, Ascot Mortgages worked out the best options for me, despite the Banks rising interest rates and spiralling UK inflation and managed to secure me a competitive mortgage rate for that property. I wouldn't hesitate in going back to Ascot Mortgages in the future and look forward to working with them again in the near future. Thank you for everything you've doneJuliet B. ★★★★★ Thank you to Alison for helping us and sorting out our mortgage. Swift, reliable and very helpful. Very much appreciated. God bless you abundantly 👍👌🤝gareth P. ★★★★★ Been with Alison and team for more than 25 years. Needless to say, very happy...Jo T. ★★★★★ We have been using Ascot Mortgages for the last few years and they have done 11 buy to let products for us.We have found Alison, Phil, Jason, Jardelle and the team to be excellent at finding the best product for us and to work at pace when we are buying from auction and have a deadline to meet.Communication is very good and nothing is too much troubleBen H. ★★★★★ I can't recommend Ascot Mortgages highly enough.We have used them for all of our Mortgages . They are professional and friendly and have walked us through all our options, they always have the time to talk to you and go the extra mile to get you the best deal. It wont be long till I'm calling on their services again, I wouldn't go anywhere else.If you want a mortgage, there's only one place to go!Dog J. ★★★★★ Ascot went the extra mile to help me acquire a mortgage. With the help of Jason and Ellie I was able to get a competitive rate after 3 other firms had told me they couldn't help me. Great levels of communication throughout, I would highly recommend!Ursula B. ★★★★★ Alison was very friendly and professional in securing the right bridging for us and at a very competative price. This ensured that we were able to place an immediate offer and not miss out on our forever home. Later her help and support in finally getting our completion over the line was nothing short of a miracle. I would strongly recommend both Alison and the team at Ascot Mortgages.primrose C. ★★★★★ ALISON IS BY FAR THE BEST IN THE GAME. ALL WE CAN SAY IS THANK YOU SO MUCH. They are passionate on customer service, even in my frustrated time Alison, Jadelle, Ellie I could name them all. May the good LORD BLESS YOU.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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