85% Mortgages

  • If you want to put down a deposit of 15% on a property purchase then you will need a mortgage with a loan-to-value (LTV) of 85%.
  • Compare the latest interest rates, fees and other important features of low deposit mortgages in the table below.

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Our mortgage comparison service lists products from featured lenders with whom we have a direct commercial arrangement with. The mortgage data above was supplied by Moneyfacts Ltd and is updated at the time of mortgage search. The figures and data provided in our tables are for illustration purposes only. While we make every effort to ensure the accuracy of this data you should always confirm the terms on offer with the provider/broker. We do not give any financial advice.

If you want to balance a low deposit with a competitive rate of interest, an 85 percent mortgage could be a very fitting deal. The 85 percent 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 percent mortgage. This would mean you would have to pay £30,000 upfront as a deposit. Since most mortgage deals require anything from 20 percent to 40 percent upfront, an 85 percent 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 percent 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 percent LTV and sometimes even 95 percent. 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 percent for the deposit, an 85 percent mortgage could work out to be the best option for you. Please use our whole of market mortgage comparison to compare all the top brands including RBS Mortgages, NatWest Mortgages, HSBC Mortgages, Santander Mortgages, Yorkshire Building Society Mortgages, Chelsea Building Society Mortgages and The Post Office Mortgages to name a few. Click here to read our handy guide covering frequently asked questions about mortgages.

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