85 Percent Mortgages

85% mortgages

		Mortgage Type Fixed: The interest rate is fixed for a certain period – usually 1 to 5 years. Tracker: The interest rate rises and falls with the Bank of England base rate. Standard: The interest rate rises and falls with the provider’s standard interest rate (SVR). Discount: The interest rate rises and falls with the provider’s standard variable rate but is set at a lower discounted rate for certain period. Buy to Let: For landlords purchasing a property for letting.	Initial Rate The introductory rate of interest that you will pay for a certain period of time depending on the mortgage type and term.	Initial Term The length of time that the initial interest rate applies to the mortgage.	Final Rate The interest rate that your mortgage will revert to after any introductory rates have finished.	APR This is the mortgage’s Annual Percentage Rate: the interest rate that you will be charged on your mortgage including all charges such as arrangement fees (also referred to as Cost For Comparison).	Loan to value The percentage of a property’s value for which the mortgage can be used. Example: 75% loan to value = 25% deposit.	Fee to Apply This is the fee that must be paid to the lender when you take out the mortgage. It can be applied to the loan or paid separately.
	Post Office Ltd 2yr BBR + 2.95% Tracker LTV 85% [Show Details]	Tracker	3.45%	31/03/2014	4.49%	4.50%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	HSBC Lifetime BBR + 3.29% LTV 85% Special Direct [Show Details]	Tracker	3.79%	term	n/a	3.90%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Post Office Ltd 2yr 3.85% Fixed BBR LTV 85% [Show Details]	Fixed	3.85%	31/03/2014	4.49%	4.60%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	NatWest 2yr 3.89% Fixed LTV 85% Main A/C Ex/C Direct [Show Details]	Fixed	3.89%	31/03/2014	4.00%	4.20%	85%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 15% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 158 2907
	Available for existing NatWest customers only.
	NatWest 2yr 3.89% Fxd LTV 85% Direct Advantage Ex/B [Show Details]	Fixed	3.89%	31/03/2014	4.00%	4.10%	85%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 15% First time buyer: no Homemover: no Remortgage: no Call Direct 0800 158 2907
	Available for existing NatWest customers only.
	Post Office Ltd 3yr 3.89% Fixed BBR LTV 85% [Show Details]	Fixed	3.89%	31/03/2015	4.49%	4.50%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Royal Bank of Scotland 2yr 3.89% Fxd LTV 85% "Main A/C" Ex/C Dir [Show Details]	Fixed	3.89%	31/03/2014	4.00%	4.20%	85%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 15% First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 068 7678
	Available for existing Royal Bank of Scotland customers only.
	Royal Bank of Scotland 2yr 3.89% LTV 85% Fxd "Black Account"/Ex/B Dir [Show Details]	Fixed	3.89%	31/03/2014	4.00%	4.10%	85%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Minimum Deposit: 15% First time buyer: no Homemover: no Remortgage: no Call Direct 0800 068 7678
	Available for existing Royal Bank of Scotland customers only.
	Santander UK plc 2yr BBR + 3.49% Tracker H/P C/B LTV 85% Direct [Show Details]	Tracker	3.99%	24 months	4.24%	4.40%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	Post Office Ltd 3yr 4.05% Fixed BBR LTV 85% Fee Assist [Show Details]	Fixed	4.05%	31/03/2015	4.49%	4.50%	85%	£495	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Post Office Ltd 2yr 4.09% Fixed BBR LTV 85% Fee Assist [Show Details]	Fixed	4.09%	31/03/2014	4.49%	4.60%	85%	£495	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Post Office Ltd 3yr 4.09% Fixed BBR LTV 85% No Fee [Show Details]	Fixed	4.09%	31/03/2015	4.49%	4.50%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Santander UK plc 2yr 4.09% Fixed H/P C/B LTV 85% Direct [Show Details]	Fixed	4.09%	02/04/2014	4.24%	4.40%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	HSBC 2yr 4.19% Fixed LTV 85% Fee Free Special Direct [Show Details]	Fixed	4.19%	31/05/2014	3.94%	4.10%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £400000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Woolwich (Barclays) Openplan FM 3yr 4.28% Fxd BBR LTV 85% [Show Details]	Fixed	4.28%	31/05/2015	3.89%	4.10%	85%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0845 070 1569
	Woolwich (Barclays) Openplan FM 3yr 4.28% Fxd BBR R/M C/B LTV 85% [Show Details]	Fixed	4.28%	31/05/2015	3.89%	4.10%	85%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	Woolwich (Barclays) Openplan FM 3yr 4.28% Fxd BBR R/M LTV 85% [Show Details]	Fixed	4.28%	31/05/2015	3.89%	4.10%	85%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	Santander UK plc 2yr 4.29% Fixed R/M C/B LTV 85% Direct [Show Details]	Fixed	4.29%	02/04/2014	4.24%	4.40%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Santander UK plc 2yr 4.29% Fixed R/M LTV 85% Direct [Show Details]	Fixed	4.29%	02/04/2014	4.24%	4.40%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Post Office Ltd 5yr 4.39% Fixed BBR LTV 85% No Fee [Show Details]	Fixed	4.39%	31/03/2017	4.49%	4.60%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Santander UK plc 2yr BBR + 3.99% Tracker H/P C/B LTV 85% Direct [Show Details]	Tracker	4.49%	24 months	4.24%	4.40%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	Post Office Ltd 5yr 4.50% Fixed BBR LTV 85% Fee Assist [Show Details]	Fixed	4.50%	31/03/2017	4.49%	4.60%	85%	£495	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	HSBC 5yr 4.59% Fixed LTV 85% Fee Free Special Direct [Show Details]	Fixed	4.59%	31/05/2017	3.94%	4.30%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £400000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0800 077 4283
	Post Office Ltd 5yr 4.59% Fixed BBR C/B LTV 85% Fee Saver [Show Details]	Fixed	4.59%	31/03/2017	4.49%	4.60%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: yes Call Direct 0121 270 3556
	Santander UK plc 3yr 4.69% Fixed H/P C/B LTV 85% Direct [Show Details]	Fixed	4.69%	02/04/2015	4.24%	4.50%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	Santander UK plc 3yr 4.89% Fixed R/M C/B LTV 85% Direct [Show Details]	Fixed	4.89%	02/04/2015	4.24%	4.60%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Santander UK plc 3yr 4.89% Fixed R/M LTV 85% Direct [Show Details]	Fixed	4.89%	02/04/2015	4.24%	4.60%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Santander UK plc 3yr 4.94% Fixed H/P C/B LTV 85% Ex/C Direct [Show Details]	Fixed	4.94%	02/04/2015	4.24%	4.50%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 15% Max Loan: £550000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	Available for existing Santander UK plc customers only.
	Santander UK plc 5yr 4.99% Fixed H/P C/B LTV 85% [Show Details]	Fixed	4.99%	02/04/2017	4.24%	4.80%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	Woolwich (Barclays) Openplan FM 5yr 4.99% Fxd BBR H/P Ex/C LTV 85% [Show Details]	Fixed	4.99%	31/05/2017	3.89%	4.50%	85%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0845 070 1569
	Available for existing Woolwich (Barclays) customers only.
	Woolwich (Barclays) Openplan FM 5yr 4.99% Fxd BBR H/P LTV 85% [Show Details]	Fixed	4.99%	31/05/2017	3.89%	4.50%	85%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0845 070 1569
	Woolwich (Barclays) Openplan FM 5yr 4.99% Fxd BBR R/M C/B Ex/C LTV 85% [Show Details]	Fixed	4.99%	31/05/2017	3.89%	4.50%	85%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 15% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	Available for existing Woolwich (Barclays) customers only.
	Woolwich (Barclays) Openplan FM 5yr 4.99% Fxd BBR R/M C/B LTV 85% [Show Details]	Fixed	4.99%	31/05/2017	3.89%	4.50%	85%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	Woolwich (Barclays) Openplan FM 5yr 4.99% Fxd BBR R/M Ex/C LTV 85% [Show Details]	Fixed	4.99%	31/05/2017	3.89%	4.50%	85%	£499	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Existing Customer: Yes Existing Customer Type: current account Minimum Deposit: 15% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	Available for existing Woolwich (Barclays) customers only.
	Woolwich (Barclays) Openplan FM 5yr 4.99% Fxd BBR R/M LTV 85% [Show Details]	Fixed	4.99%	31/05/2017	3.89%	4.50%	85%	£999	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £1000000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0845 070 1569
	Santander UK plc 3yr 5.04% Fixed H/P C/B LTV 85% Direct [Show Details]	Fixed	5.04%	02/04/2015	4.24%	4.60%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	Santander UK plc 5yr 5.19% Fixed H/P C/B LTV 85% Direct [Show Details]	Fixed	5.19%	02/04/2017	4.24%	4.80%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: yes Homemover: yes Remortgage: no Call Direct 0800 032 4610
	Santander UK plc 5yr 5.19% Fixed R/M C/B LTV 85% [Show Details]	Fixed	5.19%	02/04/2017	4.24%	4.80%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Santander UK plc 5yr 5.19% Fixed R/M LTV 85% [Show Details]	Fixed	5.19%	02/04/2017	4.24%	4.80%	85%	£995	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Santander UK plc 5yr 5.39% Fixed R/M C/B LTV 85% Direct [Show Details]	Fixed	5.39%	02/04/2017	4.24%	4.80%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	Santander UK plc 5yr 5.39% Fixed R/M LTV 85% Direct [Show Details]	Fixed	5.39%	02/04/2017	4.24%	4.80%	85%	No Fee	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% Max Loan: £550000 First time buyer: no Homemover: no Remortgage: yes Call Direct 0800 032 4610
	NatWest 5yr 5.99% Fixed Buy To Let LTV 85% Direct Ex/B [Show Details]	Buy To Let	5.99%	31/03/2017	4.00%	5.00%	85%	£699	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% First time buyer: no Homemover: no Remortgage: no Call Direct 0800 158 2907
	Available for existing NatWest borrowers only.
	Royal Bank of Scotland 5yr 5.99% Fixed Buy To Let LTV 85% Direct Ex/B [Show Details]	Buy To Let	5.99%	31/03/2017	4.00%	5.00%	85%	£699	MORE INFO Read this before you proceed. To qualify for this product you need to meet the following criteria. Minimum Deposit: 15% First time buyer: no Homemover: no Remortgage: no Call Direct 0800 068 7678
	Available for existing Royal Bank of Scotland borrowers only.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

85 per cent mortgages explained

If you want to balance a low deposit with a competitive rate of interest, an 85 per cent mortgage could be a very fitting deal.

The 85 per cent refers to the amount of money you can borrow towards the total purchase price of your prospective new home. It is also known as the loan to value or LTV ratio.

If your new home will cost you £200,000, you can borrow £170,000 towards it with an 85 per cent mortgage. This would mean you would have to pay £30,000 upfront as a deposit.

Since most mortgage deals require anything from 20 per cent to 40 per cent upfront, an 85 per cent deal could be great if you are a first time buyer and struggling to raise the capital you need to get on the housing ladder.

An 85 per cent mortgage is fairly common on the market, with most lenders offering this loan to value ratio on some of their deals. Less common - but still achievable - are mortgages with 90 per cent LTV and sometimes even 95 per cent. These are rare, though, and you might find that you face inferior conditions in other areas of the mortgage, such as the interest rate, the length of the term or the arrangement fee.

Therefore, if you are in a position to raise the 15 per cent for the deposit, an 85 per cent mortgage could work out to be the best option for you.

Read more about getting on the housing ladder in our guide.

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