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

TSB 2 Year BBR+2.04% Remortgage + Cashback
0333 3314495
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.54% tracker
until 28 Feb 2017
3.99%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+2.04% Remortgage
0333 3314495
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.54% tracker
until 28 Feb 2017
3.99%3.9% APR
Available for remortgage only.
TSB 2 Year BBR+2.14%
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.64% tracker
until 28 Feb 2017
3.99%3.9% APR
Available for first time buyers only.
Halifax 2 Year 2.69% Fixed >£500K
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.69% fixed
until 31 Jan 2017
3.99%-
Available for existing borrowers switching deals only. Such mortgages might not be listed on the lender's website. Available via brokers only.
Halifax 2 Year 2.69% Fixed Remortgage No Fee
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.69% fixed
until 31 Dec 2016
3.99%-
Available for remortgage and via brokers only.
Chelsea Building Society 2 Year 2.74% Fixed
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.74% fixed
until 31 Oct 2016
5.65%5.3% APR
Halifax 2 Year 2.74% Fixed >£300K
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.74% fixed
until 31 Jan 2017
3.99%-
Available for existing borrowers switching deals only. Such mortgages might not be listed on the lender's website. Available via brokers only.
TSB 2 Year BBR+2.29%
0333 3314495
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.79% tracker
until 28 Feb 2017
3.99%4.0% APR
If you’re buying a home we’ll pay your council tax for the 1st year, up to £2500. Offer applies to qualifying mortgage applications and proof of valid bill payment is required. One off Payment to a maximum of £2,500.
Yorkshire BS Flexi 2 Year 2.79% Fixed
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.79% fixed
until 31 Oct 2016
4.99%4.7% APR
Halifax 2 Year 2.84% Fixed >£150k
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.84% fixed
until 31 Jan 2017
3.99%-
Available for existing borrowers switching deals only. Such mortgages might not be listed on the lender's website. Available via brokers only.
HSBC 2 Year 1.05% Discount Special
0800 077 4270
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
90%2.89% variable
for 24 months
3.94%3.9% APR
Clydesdale Bank 2 Year 2.89% Fixed + Cashback
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.89% fixed
until 31 Dec 2016
4.95%4.8% APR
First Direct 2 Year 2.89% Fixed Ltd Edition
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.89% fixed
for 24 months
3.69%3.7% APR
Available direct by telephone only.
Halifax 2 Year 2.89% Fixed >£500K
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.89% fixed
until 31 Jan 2017
3.99%3.8% APR
Available for existing borrowers switching deals only. Such mortgages might not be listed on the lender's website.
Yorkshire Bank 2 Year 2.89% Fixed + Cashback
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.89% fixed
until 31 Dec 2016
4.95%4.8% APR
Chelsea Building Society Flexi 2 Year 2.94% Fixed Offset
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.94% fixed
until 31 Oct 2016
5.65%5.3% APR
Halifax 2 Year 2.94% Fixed >£300K
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.94% fixed
until 31 Jan 2017
3.99%3.8% APR
Available for existing borrowers switching deals only. Such mortgages might not be listed on the lender's website.
Virgin 2 Year 2.95% Fixed + Cashback
0845 322 8311
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.95% fixed
until 01 Feb 2017
4.79%varies
Interest only mortgages are not available where property value is less than £500k or where combined applicants income is less than £100k. Maximum LTV is 70%.
Virgin 2 Year 2.95% Fixed Remortgage
0845 322 8311
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.95% fixed
until 01 Feb 2017
4.79%varies
Available for remortgage only. Interest only mortgages are not available where property value is less than £500k or where combined applicants income is less than £100k. Maximum LTV is 70%.
Chelsea Building Society 2 Year BBR+2.49%
Maximum LTVInitial RateSubsequent RateOverall Cost for Comparison
85%2.99% tracker
until 31 Oct 2016
5.65%5.3% 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.