Compare 65% LTV Mortgages

A 65% LTV mortgage means you need a deposit of 35% of the property’s value. To find 65% LTV deals, just choose your type of borrowing below, answer a few questions and you’ll be matched with deals across lenders.

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Think carefully about securing debt against your home. Your home may be repossessed if you do not keep up repayments on your mortgage

Information written by Connor Campbell Last updated on 11 January 2022.

What is a 65% LTV mortgage?

A 65% LTV mortgage is defined by the size of deposit you provide versus the amount of money you borrow through a mortgage. This is known as the loan-to-value ratio.

For example, if you wanted a 65% LTV mortgage for a property valued at £200,000, you would need to have a deposit worth 35% of £200,000. That would be £70,000.

The other £130,000 would be covered by the mortgage, i.e. the loan.

To calculate loan-to-value ratio:

((Property Price – Deposit) ÷ Property Price) x 100

How to choose the best 65% LTV mortgage for me

NerdWallet’s mortgage comparison tool can try to help you find a 35% deposit mortgage.

First, answer a few short questions. This will cover why you are looking for a mortgage, details of any existing mortgage you might have, and what you want from your new mortgage.

Once the tool has scoured the mortgage market for you, it will only show you the mortgage deals that apply to your circumstances. This means no more searching through hundreds of products, which may not be the right fit.

Within the results, you can sort and compare mortgage deals by a variety of different metrics, including initial monthly payments and interest rates. It is important to carefully consider each aspect of the mortgage, and whether or not you can afford it.

When you have selected the mortgage that best fits your needs, you can then apply directly or through a mortgage broker, depending on the options provided by the lender.

What are the types of 65% LTV mortgage?

There are a number of different types of mortgage that could be classed as a 65% LTV mortgage. These include, but are not limited to:

Residential 65% LTV mortgages

This is what most people would mean by a ‘mortgage’. A residential mortgage is simply a home loan to help you buy a property that you intend to live in. This is whether you are a first-time buyer or you are buying a property to move home.

First-time buyer 65% LTV mortgages

Although there are specific ‘Help to Buy’ programmes for those looking to get on the property ladder, when it comes to the nuts and bolts of it, if you have a 35% deposit as a first-time buyer, your mortgage will likely be no different from a standard residential mortgage.

» COMPARE: First-time buyer mortgages

Buy-to-let 65% LTV mortgages

Buy-to-let mortgages normally require you to have a minimum deposit worth 25% of the property you are looking to purchase and rent out, though the deposit requirements can range from 20% to 40%.

This means you should be able to find a buy-to-let mortgage with an LTV of 65%, though not every lender will be willing to offer you a deal.

» COMPARE: Buy-to-let mortgages

Remortgaging to a 65% LTV mortgage

If you are looking to remortgage to a 65% LTV mortgage, then you will need to have paid off enough of your initial loan or seen the value of your property rise to the point where your equity in the property is worth 35%. You could also make up the difference with your

» COMPARE: Remortgages

What 65% LTV mortgage rates are there?

There are four main types of mortgage rates when looking to apply for a 65% LTV mortgage.

  • Fixed rates: these rates do not change for the entirety of the specified deal period, meaning that neither do your monthly repayments. Fixed rates deals will normally only last 2 to 5 years of your mortgage, you must then apply for a new deal if you wish to continue with a fixed rate mortgage.
  • Standard variable rates: these rates will move up and down at your lender’s discretion, usually mimicking the Bank of England Base rate fluctuations, causing your interest charges to do the same. You will normally be moved to an SVR once your introductory rate has come to an end.
  • Discounted rates: these rates are a reduced, i.e. a discounted, version of the standard variable rate. As with fixed rates, a discounted rate will normally be an introductory offer that only lasts for a few years.
  • Tracker rates: these rates are a form of variable rate, usually tied to the Bank of England’s base rate. The tracker rate itself will be an agreed percentage higher than the base rate and can go up as well as down.

Given the significant differences between each type of mortgage rate, it is important to carefully consider which best suits your circumstances.

Can I get a 65% LTV mortgage?

To be eligible for a 65% LTV mortgage, first you will need a deposit worth 35% of the value of the property you are hoping to buy.

A deposit of such size means you will likely have access to some of the best and most competitive mortgage rates available.

However, a 35% deposit alone isn’t enough to guarantee your mortgage application will be successful.

You will also need to meet the lender’s various criteria. This will include:

  • passing its credit check
  • satisfying its affordability checks
  • being within the maximum and minimum age requirements
  • proving your deposit has come from an approved source

65% LTV Mortgages FAQs

What is a 65% LTV mortgage?

A 65% loan-to-value mortgage is a mortgage where you have provided a deposit worth 35% of the value of the property you intend to buy.

This means you will be borrowing the other 65% of the value of the property in the form of your mortgage.

It is also known as a 35% deposit mortgage.

Is a 65% LTV good?

The general rule of thumb with mortgages is that the bigger the deposit, the better the deals available to you.

Most of the best mortgage rates and offers start with a deposit worth 20% of the value of the property, i.e. an LTV of 80%.

This means, with a 65% LTV mortgage, you are in a very strong position, as long as you pass the lender’s other requirements.

Should I get a 65% LTV mortgage?

If you can comfortably afford a deposit worth 35% of the property you want to buy, ensuring you have savings left over for emergencies, then you should consider getting a 65% LTV mortgage.

If you don’t feel like you are in this position, do not worry. You can still get good mortgage offers with a deposit of 20%, and, if you are a first time buyer, can apply for a mortgage with a deposit of just 5%.

What are the alternatives to a 65% LTV mortgage?

There are a number of different LTV mortgages available, for a variety of budgets. For example, some lenders offer mortgages with an LTV as high as 95%.

The best mortgage rates tend to start at 80% LTV, and continue to strengthen at 70% LTV and 60% LTV.

You can even apply for a mortgage with an LTV as low as 50% if you have half of the value of the property you want to buy as a deposit.

How can I get a 35% deposit for a mortgage?

A 35% deposit can be a lot of money to save. For example, a 35% deposit for a £200,000 property would be £70,000.

There are a number of steps you can take to try to save for a 35% deposit, including:

  • Cutting down on your spending.
  • Putting your savings into an account that pays a higher rate of interest.
  • Moving back home.
  • Looking into government schemes such as ‘Help to Buy’.
  • Seeking financial assistance from your parents, grandparents or guardian.

Can I get a 65% LTV (35% deposit) mortgage with bad credit?

The larger your deposit, the better chance you have of succeeding in your mortgage application. This applies even if you have a bad credit history.

You will still need to meet the lender’s requirements. However, a large deposit, such as a 35% deposit, will help your case.

Why compare 65% LTV mortgages with NerdWallet UK?

With NerdWallet’s easy-to-navigate, quick-to-use mortgage comparison tool, you can be confident that you will only see the mortgage deals that match your search criteria.

Answer a few short questions and the tool will do the rest, searching the mortgage market before showing you the results that match your needs.

You can then compare and contrast these offers, before applying directly or through a mortgage broker.

About the author:

Connor is a writer and spokesperson for NerdWallet. Previously at Spreadex, his market commentary has been quoted in the likes of the BBC, The Guardian, Evening Standard, Reuters and The Independent. Read more

NerdWallet has selected Koodoo to provide you with this information-only online comparison service on a non-advised basis. NerdWallet will receive a share of the commission that Koodoo earns from the lender or from our partnered broker, Fluent Mortgages.

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Fluent Mortgages Ltd is authorised and regulated by the Financial Conduct Authority (FRN 458914), and is a registered company in England and Wales (company registration number 10978680), with a registered address at 102 Rivington House, Chorley, New Road, Horwich, Bolton, BL6 5UE