30% LTV Mortgages

Welcome to our guide to 30% LTV mortgages. Here you will learn what rates are available for these mortgages, how to get the best deal and much more.

What is a 30% LTV mortgage?

A 30% LTV mortgage is a mortgage with a loan-to-value ratio of 30%, meaning that the loan covers this exact percentage of the property’s value or purchase price.

You would be in a position to secure a 30% LTV mortgage if you have a substantial deposit to put down (70%), or are remortgaging and have paid off 70% of your mortgage debt.

Borrowers with low LTV ratios like this are generally attractive to mortgage lenders and stand a good chance of being offered the lowest interest rates on the market.

Advantages of a 70% mortgage deposit

With a mortgage deposit/equity that covers 70% of the property’s value or purchase price, you will be in a strong position to secure a favourable deal on a mortgage or remortgage. 

The benefits you could reap with a 30% loan-to-value ratio are as follows:

• Superior rates: Lenders tend to reserve their lowest mortgage rates for borrowers with high deposits or low LTVs (such as 30%).
• Borrow more: Your salary might stretch further if you are applying for a 30% LTV mortgage, compared to someone with a high LTV. This is because some lenders use a higher income multiple (5-6 times salary) for applicants with a deposit this high.
• Wider product choice: Some lenders only offer their longest fixed-rate mortgages and the interest-only repayment option for borrowers with low LTVs.
• Flexible features: There are lenders who offer greater flexibility to borrowers with very low LTVs, such as 30%. Features you could take advantage of include the option to make uncapped overpayments and take payment holidays.
• Higher approval chances: If there are risk factors to your application, such as bad credit, limited accounts (self-employed applicants), or non-standard construction on the property, putting down a deposit as large as 70% can help you get approved.

In addition, there is also the benefit of becoming mortgage free much quicker if you can put down a 70% deposit, compared to someone with a higher LTV.

30% LTV mortgage rates

The best mortgage rates on the market kick in at between 50% and 60% LTV, so needless to say, with a deposit of 70%, you will qualify for them as long as there are no other risk factors.

The table below shows examples of the kind of deals available to borrowers with 30% LTV:

Sources: 1, 2, 3, 4

These rates were accurate at the time of writing (November 2024)

Compare rates and deals for free

You can compare the latest 30% LTV mortgage rates and deals from lender across the market for free on Teito, or have one of our brokers do it for you, below:

Compare 30% LTV mortgage rates from 90+ lenders

Choose Your Own MortgageSpeak To An Adviser

Buy-to-let mortgages

Although buy-to-let mortgages generally have higher rates and deposit requirements than residential, 30% LTV would be more than enough to access the best deals. Like with residential lending, the best rates tend to kick in at between 50% and 60% LTV.

With a deposit this high, buy-to-let mortgage applicants can:

• Get approved for higher risk property types, such as HMOs
• Secure a mortgage with no landlord experience
• Get a multi-property mortgage to cover a large portfolio
• Secure a holiday let mortgage

Many of the same benefits of high deposit residential mortgages - such as lower rates, relaxed affordability criteria and flexible features - will also apply here.

How much your mortgage will cost

You can work out how much the repayments on your 30% LTV mortgage will be by deducting your 70% deposit from the amount you need to borrow and entering the total into the calculator below, along with an interest rate, term length and repayment type:

Why choose Teito for your mortgage needs?

You can use Teito to compare rates on 30% LTV mortgages from more than 90 lenders across the market, and book a consultation with one of our brokers if you need some help.

Here are just some of the reasons people choose us for their mortgage needs:

• It takes seconds to access the latest mortgage rates
• Our brokers have access to exclusive deals
• We are 5-star rated on leading review websites
• You can secure your agreement in principle in minutes

Ready to compare the latest mortgage rates and take advantage of a free, no-obligation chat with one of our mortgage brokers? Get started here.