Work out your LTV - the mortgage as a percentage of the property value. A lower LTV (bigger deposit) usually unlocks better rates.
Tip: lenders price mortgages in LTV "bands". Nudging your deposit just over a band edge (e.g. under 90% or under 75%) can cut your interest rate.
Loan to value
%
a mortgage on a property
Reach the next rate band
Add more deposit to drop to - lenders usually reward this with a lower rate.
You are already in the lowest standard LTV band - you should qualify for lenders' best-tier rates.
Estimate only. Lender LTV tiers, fees and affordability checks vary.
How your LTV falls as the deposit (as a % of value) increases. Lower is better.
Where your current LTV sits. The lower the band, the better the rates lenders typically offer.
| LTV band | Deposit needed | Deposit (£) | Status |
|---|---|---|---|
| You |
Bands are illustrative lender tiers, not your personal rate. Actual pricing depends on the lender, product and your circumstances.
| Scenario | LTV | Mortgage | Deposit | |
|---|---|---|---|---|
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