Apply For 40%, 50%, 60% LTV Mortgages With Octagon Capital

If you are looking for a 40%, 50% or 60% LTV mortgage, Octagon Capital can help you get the best rates whether it is interest-only, fixed, variable or with bad credit. Simply complete our form and one of our advisors will call you back immediately.

If you can provide a 60%, 50%, and 40% deposit for a property, you should apply for an LTV mortgage for a loan worth the remaining value (40%, 50%,60%, respectively)

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When it comes to exploring your options for taking out a mortgage, you should be aware of the loan-to-value (LTV) ratio. The LTV ratio is a way of expressing how much you will borrow relative to the total value of the property.

Your LTV is shown as a percentage and is a key factor in dictating the type of mortgage that you will likely get. The general rule is that the best mortgage deals will be given to those who have a lower LTV. This is because those with a high LTV are more of a risk to a lender.

In providing a higher LTV mortgage, a bank is more susceptible to losing money if house prices fall. Conversely, providing a lower LTV mortgage will give greater assurance that the bank will make back all the money that they have invested.

What Is A 60% LTV Mortgage?

A 60% LTV mortgage is a home loan where you borrow 60% of the value of your property from a lender. The 40% remaining will be paid as the deposit needed to secure the mortgage.

For instance, if you were buying a property worth £300,000, a 60% LTV mortgage would require a £120,000 deposit (40%). Your chosen lender will then lend you the remaining £180,000(60%) as a loan to be repaid.

The money borrowed from your lender will be repaid over the agreed mortgage term, as well as any additional interest on the loan. Once you have fully repaid, you will then own the property outright.

The amount of money that you put down as a deposit determines how much of the property you own as you begin the mortgage. For a 60% LTV mortgage, you would own 40% of the property from the start.

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Speak to Octagon Capital on 0333 414 1491 for mortgages at a range of different LTVs.

What Are the Mortgage Rates for 40%, 50%, 60% LTV Mortgages ?

Mortgage rates for 40%, 50%, 60% LTV mortgages will vary depending on multiple factors, including:

  • Your financial situation
  • Lender policies
  • Financial conditions

In general, higher LTV mortgages will have higher interest rates compared to lower LTV mortgages. So it’s important to compare offers from different lenders when applying for a mortgage.



What Are The Mortgage Types Available With 40%, 50%, 60% LTV Mortgages?

There are a range of different mortgage types available when decide to apply for a mortgage. The most common types of mortgage are:

  • Fixed rate- A fixed rate mortgage is when repayments are fixed at a set amount for the entire duration of the mortgage deal. The key benefit of this is that you will know exactly how much you will be repaying on your mortgage.v However, you take the risk that interest rates could lower during the repayment term meaning you are missing out on a better deal. Often there are high fees to change your deal before the end of its term. 
  • Tracker Mortgages: With a tracker mortgage, the rate of interest you pay on your mortgage is linked to the Bank of England’s base rate. You are therefore not tied to a fixed rate – as this base rate changes, your repayments can go up or down each month.
  • Variable rate- a variate rate mortgage offer works against your bank’s standard variable rate and will increase or decrease by a certain percentage, according to the activity of the market. The interest rates for this type of mortgage can be lower than fixed rates, but it is important to be aware that they are subject to change.

A typical fixed rate mortgage will last between 2 to 5 years. 

What Are The Pros And Cons Of 40%, 50%, 60% LTV Mortgages?

There are a number of benefits of taking out a 40%, 50%, 60% LTV mortgage. With a relatively low LTV, you will experience better interest rates than those offered with higher LTVS. You may also have a better chance of approval with a higher deposit even if you have a bad credit history.

This mortgage is only suitable for particular types of applicants however. In paying well over half the property’s value, a 40% or higher value deposit is for many simply an unaffordable amount of money.

If you are unable to provide such a high deposit, Octagon Capital can help you explore low deposit mortgages and find another value of LTVs which you could consider, including 70%, 90% and even 100%.

What Is The Eligibility Criteria for 40%, 50%, 60% LTV Mortgages?

In order to be eligible for a 40%, 50%, 60% LTV mortgage you firstly must have the deposit amount required. There are also a few other criteria to meet set by the lender including some affordability checks. 

The specific criteria you need to meet will be dependent on your chosen lender, but they will likely include the following:

  • You will need to provide sufficient proof of identification 
  • You meet the age requirements of the mortgage
  • You can pass a required credit check from your lender
  • You are able to show you can afford the loan based on an affordability check and other criteria

Why Should I Consider Using A Mortgage Broker?

There are a number of reasons you should consider using a mortgage broker. Mortgage brokers are driven to get you the best rates – ultimately they will only earn commision if you accept a deal.

As they can present you with rates from multiple lenders, it can allow you to make an informed decision after seeing what is available on the whole of the mortgage market.

There are options for all credit histories – even if you have bad credit you should think about choosing a broker to help with your search. Octagon Capital is here to help get you the best deal possible!

Why Should I Apply With Octagon Capital?

We work with more than 100 lenders and we are fully online meaning that wherever you are applying from we can find you the best deal in your area.

As part of our service we offer a call back the very same day so we can work fast to get you that perfect mortgage offer. There are no fees for applying – get in touch now!

How To Apply With Octagon Capital

There is a simple and quick process to apply for 10%, 20%, 30% LTV Mortgages with Octagon Capital. Enter your details using our online form and you will hear from a member of our team to get you the best rates.

Discuss your options with a member of our dedicated team today. You can call us on 0333 414 1491 or email


A maximum fee of 1% of the loan amount is payable – for example on a mortgage of £100,000 the fee would be £1,000, the exact fee will be dependent on your circumstances. For Bridging Finance where the net loan amount is £150,000 or below, the maximum fee charged is £1,995.

SPF Short Term Finance is a trading style of SPF Private Clients Limited which is authorised and regulated by the Financial Conduct Authority (FCA).