Recent mortgage Q&A
60% loan to value mortgages
If you wish to apply for a 60% LTV mortgage then you will be required to have a minimum of a 40% deposit or available equity within the property if you are looking to remortgage your existing home to a new mortgage deal.
There are many 60% LTV mortgages available which come with excellent low rates of interest. The lower the loan-to-value figures the better and lowers the rate of interest you’ll be offered.
Where can I find out mortgage deals are available at 60%?
A search here using our mortgage comparison tools will find all the available deals at 60% loan to value offered by all the lenders from the whole UK mortgage market.
We will find and display all the 60% LTV deals on offer side by side so that you can see which mortgage lenders are offering the best deals at the cheapest rates.
I have had CCJ’s and a history of poor credit can I still get a mortgage?
There are a number of bad credit mortgage lenders who are willing to borrow money to people with a history of bad credit. We would advise that you speak with a mortgage broker who can advise you on which lenders will be suitable for your circumstances.
It’s important to consider that if you have a low credit score then you are most likely going to have to pay a higher rate of interest to get the mortgage you require, when compared to a borrower with a good or excellent credit score. Often the interest rates payable are very high and it’s therefore important that taking out a mortgage is carefully considered.
Who can I speak to for one-to-one mortgage advice?
We recommend that you speak to one of our regulated mortgage broker experts found here on the website. They will be happy to discuss your mortgage requirements and if required search through the suitable lenders and mortgages products upon your behalf.
Related mortgage articles