Your home may be repossessed if you do not keep up repayments on your mortgage.

Yorkshire BS 2 Year BBR+1.34%
08456 195 408
Maximum LTV
85%
Initial Rate
1.84% tracker
until 31 Jan 2017
Subsequent Rate
4.99%
Overall Cost for Comparison
4.6% APR
Chelsea Building Society 2 Year BBR+1.34%
08454 852 187
Maximum LTV
85%
Initial Rate
1.84% tracker
until 31 Jan 2017
Subsequent Rate
5.45%
Overall Cost for Comparison
5.0% APR
Chelsea Building Society 2 Year BBR+1.54% Offset
08454 852 187
Maximum LTV
85%
Initial Rate
2.04% tracker
until 31 Jan 2017
Subsequent Rate
5.45%
Overall Cost for Comparison
5.0% APR
Yorkshire BS 2 Year BBR+1.54% Offset
08456 195 408
Maximum LTV
85%
Initial Rate
2.04% tracker
until 31 Jan 2017
Subsequent Rate
4.99%
Overall Cost for Comparison
4.6% APR
TSB 2 Year BBR+1.74%
0333 3314495
Maximum LTV
85%
Initial Rate
2.24% tracker
until 30 Apr 2017
Subsequent Rate
3.99%
Overall Cost for Comparison
3.9% APR
Halifax 2 Year 2.34% Fixed >£500K
Maximum LTV
85%
Initial Rate
2.34% fixed
until 30 Apr 2017
Subsequent Rate
3.99%
Overall Cost for Comparison
-
Available for existing borrowers switching deals only. Such mortgages might not be listed on the lender's website. Available via brokers only.
Post Office 2 Year 2.38% Fixed + incentives
Maximum LTV
85%
Initial Rate
2.38% fixed
until 31 Mar 2017
Subsequent Rate
4.49%
Overall Cost for Comparison
4.2% APR
Halifax 2 Year 2.39% Fixed >£300K
Maximum LTV
85%
Initial Rate
2.39% fixed
until 30 Apr 2017
Subsequent Rate
3.99%
Overall Cost for Comparison
-
Available for existing borrowers switching deals only. Such mortgages might not be listed on the lender's website. Available via brokers only.
Chelsea Building Society 2 Year 2.44% Fixed
08454 852 187
Maximum LTV
85%
Initial Rate
2.44% fixed
until 31 Jan 2017
Subsequent Rate
5.45%
Overall Cost for Comparison
5.1% APR
TSB 2 Year BBR+1.94% Remortgage + Cashback
0333 3314495
Maximum LTV
85%
Initial Rate
2.44% tracker
until 30 Apr 2017
Subsequent Rate
3.99%
Overall Cost for Comparison
3.9% APR
Available for existing customers only. Such mortgages might not be listed on the lender's website. Available for remortgage only.
TSB 2 Year BBR+1.94% Remortgage
0333 3314495
Maximum LTV
85%
Initial Rate
2.44% tracker
until 30 Apr 2017
Subsequent Rate
3.99%
Overall Cost for Comparison
3.9% APR
Available for remortgage only.
Halifax 2 Year 2.49% Fixed >£150k
Maximum LTV
85%
Initial Rate
2.49% fixed
until 30 Apr 2017
Subsequent Rate
3.99%
Overall Cost for Comparison
-
Available for existing borrowers switching deals only. Such mortgages might not be listed on the lender's website. Available via brokers only.
Yorkshire BS Flexi 2 Year 2.49% Fixed
08456 195 408
Maximum LTV
85%
Initial Rate
2.49% fixed
until 31 Jan 2017
Subsequent Rate
4.99%
Overall Cost for Comparison
4.7% APR
Halifax 2 Year 2.54% Fixed >£500K
Maximum LTV
85%
Initial Rate
2.54% fixed
until 30 Apr 2017
Subsequent Rate
3.99%
Overall Cost for Comparison
3.8% APR
Available for existing borrowers switching deals only. Such mortgages might not be listed on the lender's website.
Halifax 2 Year 2.59% Fixed >£300K
Maximum LTV
85%
Initial Rate
2.59% fixed
until 30 Apr 2017
Subsequent Rate
3.99%
Overall Cost for Comparison
3.8% APR
Available for existing borrowers switching deals only. Such mortgages might not be listed on the lender's website.
Chelsea Building Society Flexi 2 Year 2.64% Fixed Offset
08454 852 187
Maximum LTV
85%
Initial Rate
2.64% fixed
until 31 Jan 2017
Subsequent Rate
5.45%
Overall Cost for Comparison
5.1% APR
TSB 2 Year BBR+2.14% No Fee
0333 3314495
Maximum LTV
85%
Initial Rate
2.64% tracker
until 30 Apr 2017
Subsequent Rate
3.99%
Overall Cost for Comparison
3.9% APR
.
TSB 2 Year 2.64% Fixed
0333 3314495
Maximum LTV
85%
Initial Rate
2.64% fixed
until 30 Apr 2017
Subsequent Rate
3.99%
Overall Cost for Comparison
3.9% APR
HSBC 2 Year 1.25% Discount Special
0800 077 4270
Maximum LTV
90%
Initial Rate
2.69% variable
for 24 months
Subsequent Rate
3.94%
Overall Cost for Comparison
3.9% APR
Chelsea Building Society 2 Year 2.69% Fixed
08454 852 187
Maximum LTV
85%
Initial Rate
2.69% fixed
until 31 Jan 2017
Subsequent Rate
5.45%
Overall Cost for Comparison
5.1% APR

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How to Find the Best 85% Mortgages

by Martin_Saxon

85% ltv mortgages - those that allow you to borrow 85% or more of your property's value - may be harder to find now than a few years ago, but they are still available.

How to Find the Best 85% Mortgages

In fact a wide range of different types of mortgages are still available at this level of loan to value.

These include a range of regular fixed, discounted or tracker deals, as well as offset and current account mortgage deals 85% ltv.

The choice of 85% buy to let mortgages is more limited as lenders usually require a deposit of at least 25% before extending a buy to let mortgage, however they are still available, so it is important to look around before settling for something else.

The same can be said for 85% mortgages first time buyer deals so you should still be able to get on the property ladder with a 15% deposit.

When seeking the best mortgage deal for your circumstances, you should not automatically assume that the one with the lowest interest rate is the best 85% mortgage deal out there.

You should take into consideration any fees that will be charged with the deal, in particular be wary of the application fee as this can sometimes add a hefty cost onto the mortgage.

You also need to check whether there will be a higher lending charge as some lenders will impose this charge for 85% ltv mortgage loans, while others will not.

Make sure to also check the flexibility of the mortgage deal too and find out whether you're able to make overpayments or underpayments should you want or need to. If you want this option make sure the mortgage you settle with gives you the option of flexibility to make sure you aren't charged for something that could be avoided.

Checking your eligibility for the deal before you apply is also essential as applying for a mortgage deal you don't stand a chance of getting is not only a waste of time and money, but also could harm your credit rating and in doing so impede your chance of getting approved for a mortgage deal at all.