We work with trusted brokers to give you access to a panel of leading lenders well placed to meet your needs.
You can find options for a 10%, 20%, or 30% loan-to-value (LTV) mortgage with Octagon Capital. Simply complete our easy online form, and our team will offer you the most competitive rates available in your area.
If you can provide a deposit of 90%, 80%, or 70% of the property’s value, you should consider applying for an LTV Mortgage, which covers the remaining percentage (10%, 20%, or 30%, respectively) as a loan.
A loan-to-value (LTV) mortgage is a type of home loan where you borrow a percentage of your property’s value from a lender. The remaining percentage will be covered by the deposit you provide to secure the mortgage.
To help explain further, we can explore the example of a 20% LTV mortgage:
Let’s consider a property valued at £250,000. With a 20% LTV mortgage, you would need to make a deposit of £50,000 (20% of £250,000). The lender would then provide you with a loan of £200,000 to cover the remaining portion of the property’s value.
You will be responsible for repaying the loan amount, along with any interest, over the agreed-upon mortgage term. Once you have fully repaid the loan, you will become the outright owner of the property.
As you are putting down a significant deposit in this case, your ownership stake in the property will be relatively high as you begin your mortgage.
There are some different types of LTV mortgages offers you might encounter including fixed rate, variable rate, and tracker mortgages:
To qualify for a 10%, 20%, or 30% loan-to-value (LTV) mortgage, meeting certain eligibility criteria is necessary. First and foremost, you must have the required deposit amount. Lenders may set additional criteria that must be satisfied which could include the following:
By working with a mortgage broker, you gain access to a wide range of rates from multiple lenders. This enables you to make an informed decision after considering the available options across the entire mortgage market.
Mortgage brokers are motivated to secure the best rates for you, as they earn commission only once you accept your offer.
By searching a wide network of lenders, brokers can cater to various credit histories, including individuals with bad credit.
Proper Finance is dedicated to helping you find the most favorable deal possible.
Repayments for a mortgage involve the regular payments made to the lender to gradually repay the borrowed amount. Each repayment reduces the outstanding principal loan amount while also covering the accrued interest.
The repayment schedule is determined based on factors such as the loan term, interest rate and repayment frequency – this will be agreed upon with your chosen lender.
By making timely repayments, borrowers gradually pay off the mortgage and eventually become the full owners of the property.
When considering 10%, 20% or 30% loan-to-value (LTV) mortgages, it’s important to weigh the pros and cons. These types of mortgages offer several advantages, but they also have limitations.
If you are unable to provide such a high deposit, Proper Finance can assist you in exploring low deposit mortgages. They can help you consider alternative LTV values, such as 80%, 90% or even 100%. This provides more flexibility and options to suit your financial circumstances.
We want to help our customers find the best mortgage deal for them in the most cost-effective way possible. This is the reason why there are no upfront charges when filling in an application with us. Our online platform is free to use, and our application process quick and easy to fill out.
Once you have decided the best type of mortgage to fit your current financial needs, you can apply simply via our online form.