50% mortgage & remortgage deals
Having a large deposit should make your mortgage application a little easier and a 50% mortgage should help you get approved quickly, our brokers will make your application faster, easier & help ensure completion.
In these times of the credit crunch there are certain factors that will make a mortgage or remortgage application go through a little smoother and with fewer complications.
- Access to the whole mortgage market
- 1000's of deals searched to get you the best deal!
- Best 50% mortgage & remortgage rates in the UK
- Shared ownership 50% deals available - ideal for first time buyers
- Fully qualified & trained - Friendly, experienced, dedicated advisors
One of the main factors in a lender deciding if a mortgage application is viable is the mortgage loan to value, the loan to value (LTV) for mortgages of 55%, 50% and below make it very easy for a borrower to fit the lenders criteria as the borrower will put in 45 or 50% deposit or, for remortgage's have 45 or 50% equity which reduces the risk to a potential lender.
some of the best mortgage deals...
| Initial rate |
Until | Cost for Comparison |
Max Loan to value | |
|---|---|---|---|---|
Tracker |
1.84% | 2 years | 5.0% APR | 70% |
Tracker |
1.89% | 2 years | 4.9% APR | 70% |
Tracker |
2.49% | 3 years | 5.1% APR | 75% |
Tracker |
3.49% | 3 years | 4.2% APR | 80% |
Tracker |
3.99% | 2 years | 5.4% APR | 85% |
Knowing the available mortgage interest rates is a good place to start in applying for a mortgage, however, in today's challenging financial market its important to speak to someone who can ensure your application goes through as smoothly and quickly as possible.
With years of experience & access to the whole mortgage market, our dedicated advisors are fully qualified & regulated with the Financial Services Authority & trained to the highest standards to ensure you get the best level of service and the best mortgage or remortgage available.
The low loan to value of mortgages and remortgage's with 45 and 50% deposit mean the lending criteria for the mortgage will be more forgiving with things like missed payments, defaults, CCJ's and mortgage arrears making the likely hood of the mortgage completing much more certain.
For your convenience we have a matrix below showing the deposit needed for property values between £110,000 and £400,000 for 50% & 55% LTV.
| Property Value | Deposit or equity at 50% LTV | Deposit or equity at 55% LTV |
|---|---|---|
| £110,000 | £55,000 | £49,500 |
| £150,000 | £75,000 | £67,500 |
| £200,000 | £100,000 | £90,000 |
| £210,000 | £105,000 | £94,500 |
| £220,000 | £110,000 | £99,000 |
| £230,000 | £115,000 | £103,500 |
| £240,000 | £120,000 | £108,000 |
| £250,000 | £125,000 | £112,500 |
| £260,000 | £130,000 | £117,000 |
| £270,000 | £135,000 | £121,500 |
| £280,000 | £140,000 | £126,000 |
| £290,000 | £145,000 | £130,500 |
| £300,000 | £150,000 | £135,000 |
| £350,000 | £175,000 | £157,500 |
| £400,000 | £200,000 | £180,000 |
50% Mortgage, Remortgage Products and Fees
Mortgage products for people wanting to borrow 50% or less of the property value will alter different depending on the lender offering the mortgage, you will find all the major types of mortgages available including fixed rate deals, discounted rate deals and variable rate deals on offer as well as interest only and repayment payment options but the product criteria for each will be different.
The fees attached to a mortgage with such a low loan to value are the pretty much the same for those with higher loan to values, although that being said, for the mortgage products that charge a lenders arrangement fee on a percentage basis (such a 1%) its likely that the monetary amount would be less as the borrowing is likely to be less.
We have a few pages dedicated to showing the likely payments for interest rates from 7% to 9% ranging from 10 to 25 years showing payments from £160,000 to £200,000 and from £210,000 to £250,000 which should give an indication of the likely payments based on capital repayment.
Fees that are very unlikely to be charged by the lender are higher lending charges as these only apply to mortgage borrowers who need a higher loan to value (typically above 80 or 85% LTV)
50% mortgage with adverse credit
A 50% (or less) mortgage, depending on the lender, will allow adverse credit to be registered on the borrowers credit file and will normally be much more forgiving in regards to what adverse credit they will allow than the higher LTV amounts. For instance, a 50% mortgage will allow more adverse credit to be registered than an 80% mortgage due to the fact that the lender will see the lower loan to value product being less risky than a higher loan to value product.
The types of bad credit a mortgage (termed as bad credit mortgages) will allow vary depending on the lender but you can expect a 50% (or less) mortgage to allow unlimited defaults, large CCJ's, possibly unlimited CCJ's to be registered and will usually allow a number of missed mortgage payments.
Applying for a low LTV mortgage
Applying couldn't be easier, simply complete the enquiry form on this page and one of our advisors will call you back to discuss your requirements in person, or telephone 0845 094 2331 - we can give you a full financial review and one of our independent financial advisors can come out and see you in person to make sure you get the best result possible.
