70% mortgage & remortgage deals
When applying for a mortgage or remortgage in these uncertain times can be somewhat of a minefield, the more deposit or equity you have available the better.
A 70% mortgage (30% deposit or equity) will make applying for a mortgage or remortgage much easier as the new lender will be more inclined to approve the application as the borrower is taking more of the financial risk by reducing the amount they need to borrow.
- Access to the best rates & deals in the UK!
- Literally 1000's of mortgages searched to get you the best deal
- Exclusive deals not available on the high street
- Best 70% mortgage & remortgage rates in the UK
- Fully qualified & trained - Friendly, experienced, dedicated advisor
A 70% mortgage will open up a lot more options with regards to which lenders they can approach and what sort of mortgage products are available as it will be a less risky proposition for the lender than a higher LTV product. The amount of deposit or equity you have offset against the property value is called the mortgage loan to value or LTV.
For people with bad credit or adverse credit, a 70% mortgage will make their application easier, in today's market, if you have any old adverse credit listed on your credit file, 70% is usually the maximum loan to value a lender will allow
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% | 31 May 2012 | 5.1% APR | 75% |
Tracker |
3.49% | 20 June 2012 | 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.
For your convenience we have listed below the loan amounts and deposits needed for a 70% mortgage from £200,000 to £500,000.
Deposit & borrowing needed for a 70% mortgage?
| Property Value | Mortgage Deposit at 70% LTV (30% Deposit) |
Mortgage Borrowing at 70% LTV |
|---|---|---|
| £100,000 | £30,000 | £70,000 |
| £150,000 | £45,000 | £105,000 |
| £200,000 | £60,000 | £140,000 |
| £210,000 | £63,000 | £147,000 |
| £220,000 | £66,000 | £154,000 |
| £230,000 | £69,000 | £161,000 |
| £240,000 | £72,000 | £168,000 |
| £250,000 | £75,000 | £175,000 |
| £260,000 | £78,000 | £182,000 |
| £270,000 | £81,000 | £189,000 |
| £280,000 | £84,000 | £196,000 |
| £290,000 | £87,000 | £203,000 |
| £300,000 | £90,000 | £210,000 |
| £350,000 | £105,000 | £245,000 |
| £400,000 | £120,000 | £280,000 |
| £450,000 | £135,000 | £315,000 |
| £500,000 | £150,000 | £350,000 |
You may also want to know the likely cost of a new mortgage or remortgage, with that in mind we have payment matrix showing the payments for mortgages ranging from £110,000 to £150,000, £160,000 to £200,000, £210,000 and £250,000, £260,000 to £300,000 and £310,000 to £350,000 - the mortgage payment matrix listed should give you some idea of the monthly mortgage costs from 10 to 25 years, showing payments from 4 to 9% on a fixed repayment basis.
