80% mortgage & remortgage deals
Getting a mortgage or remortgage in today's economy can be a minefield, knowing which lenders have funds to lend, who has the best products for your individual circumstances & budget can be enough to put you off getting a mortgage altogether - thankfully apply for an 80% mortgage will give you a wide choice for both mortgages and remortgage's.
With access to the whole market, our fully qualified, expert brokers offer a full written summary of the mortgage suited to your needs and will give you an illustration and a written explanation of why the mortgage they have recommended is best suited for you!
- Access to the whole mortgage market
- 1000's of mortgages searched to get you the best deal
- Best 80% mortgage & remortgage rates in the UK
- Exclusive deals not available on the high street
- Dedicated, experienced & friendly advisors
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.
Mortgage products termed as 80% LTV (loan to value) simply mean you will be mortgaging 80% of the properties value. On a £200,000 property this would be a mortgage of £160,000 with a deposit of £40,000.
It goes without saying that the larger the deposit available the more choice you will have as the more money (or equity for a remortgage) you put initially put in, the less of a risk it is for the lender.
The majority of people with enough funds to be able to put down at least 20% deposit tend to be those who are moving house and have sold their existing property or re-mortgaging and using the existing equity in the property as the deposit for the lender.
For your convenience we have listed below the loan amounts and deposits needed for a 70 mortgage from £80,000 to £400,000.
| Property Value | Mortgage borrowing at 80% LTV | Deposit or equity at 80% LTV |
|---|---|---|
| £80,000 | £64,000 | £16,000 |
| £90,000 | £72,000 | £18,000 |
| £100,000 | £80,000 | £20,000 |
| £110,000 | £88,000 | £22,000 |
| £120,000 | £96,000 | £24,000 |
| £130,000 | £104,000 | £26,000 |
| £140,000 | £112,000 | £28,000 |
| £150,000 | £120,000 | £30,000 |
| £160,000 | £128,000 | £32,000 |
| £170,000 | £136,000 | £34,000 |
| £180,000 | £144,000 | £36,000 |
| £190,000 | £152,000 | £38,000 |
| £200,000 | £160,000 | £40,000 |
| £210,000 | £168,000 | £42,000 |
| £220,000 | £176,000 | £44,000 |
| £230,000 | £184,000 | £46,000 |
| £240,000 | £192,000 | £48,000 |
| £250,000 | £200,000 | £50,000 |
| £300,000 | £240,000 | £60,000 |
| £350,000 | £280,000 | £70,000 |
| £400,000 | £3200,000 | £80,000 |
80% Mortgage Purchase
For those moving house and using the sale of their existing property to fund the deposit for their new purchase will typically have slightly more costs associated with the purchase than if they were re mortgaging. Their will be obviously be solicitor fees and more than likely stamp duty which is paid on the purchase of new properties who's value is over a certain amount.
People re-mortgaging for 80% LTV should not have stamp duty to pay and will normally find the solicitor fees to be less than that associated with a purchase as there is normally less conveyancing work to be done.
If you have at least 20% deposit and want to purchase your next property or remortgage your existing property then speaking to a specialist mortgage broker who can help make sure you get the most for your money!
