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70% mortgage & remortgage deals
For mortgage applications, the more deposit or equity you have available the better. Having a 30% deposit will make applying for a mortgage or remortgage much easier as the new lender will be more inclined to offer a mortgage when the borrower is taking more of the financial risk by reducing the equity they need to borrow.
- Access to specialist deals not available on the high street!
- Thousands of products searched to get you the best deal
- We complete the paperwork for you
For a FREE no obligation quote tailored to your needs and budget simply complete the form to the right and one of our specialist advisors will call you back personally to discuss your requirements in detail
A 70% mortgage, for people with credit problems or for people with good credit, 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 a mortgage 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 almost certainly allow defaults and CCJ's and will more than likely allow a couple of missed payments to be registered on your credit file.
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% |
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 |
|---|---|---|
| £200,000 | £80,000 | £120,000 |
| £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.
