15% deposit mortgages.
Mortgages for real life
Borrowers with a 15% deposit can access 85% loan to value mortgages.
An 85% Loan To Value (LTV) mortgage requires borrowers to put down a 15% deposit, so is often used by existing homeowners looking to [purchase] a new property or [remortgage] using the equity in their existing home. But that’s not to say an 85% LTV mortgage isn’t for first time buyers, as those who have saved up a sizeable deposit may also be looking for this type of deal.
Whether you’re new to property ownership or not, a mortgage with Suffolk Building Society is all about you. Whatever stage you’re at, and whatever type of mortgage you need, we’ll do our best to help and we’re only one call away.
Find a mortgage product
Check out 85% LTV mortgages
for a 15% deposit.
Using our handy mortgage finder you can look at our range of currently available 85% LTV mortgage products. You will be able to view our full range of mortgages for borrowers with a 15% deposit including those designed to help first time buyers, for later life borrowers, the [self employed] and more.
To work out how much your 85% LTV mortgage would cost our mortgage repayment calculator can give you an outline or, to find out more about mortgages in general, head over to our mortgage information page.
Your questions answered
Your questions about
85% LTV mortgages answered.
No, if you have a 15% deposit it doesn’t matter if you are a first time buyer or already own a property and are looking to move home or [remortgage]. Although it’s useful to know that, in certain cases, some mortgage products may only be available for purchase or remortgage applicants, rather than both, but that’s on a per product basis and not a general rule.
Our mortgage finder includes a quick loan to value calculator, which is just worked out as a percentage of how much you need to borrow against the total price/value of the property.
If you’ve already got a mortgage and are looking for a new mortgage deal up to 85% LTV you can find our currently available remortgage products in our mortgage finder. To find out more about [remortgaging] and what’s involved simply visit our [remortgage page].
If you’re [remortgaging] your property but don’t yet have 15% equity in your home, don’t worry! There may be other options available for you, such as 90% or 95% LTV deals. Our mortgage finder will show you all the available options.
If you have found the property you want to buy but can’t make up a 15% deposit, there may be other options available for you – such as 90% or 95% LTV deals which would require a lower deposit amount. Our mortgage finder will show you all the available options.
Building relationships
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We took out a mortgage on our house to help children get on the property ladder and have found Ipswich now Suffolk Building Society a friendly, professional and human organisation – just like building societies and banks used to be but so few are these days. A great team of people.
Mortgage member via
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I have always found it very easy to contact Suffolk Building society by phone, or by email or on line, and the staff are always friendly, knowledgeable, helpful and efficient. For me, this is the most important feature of a good building society.
Mortgage member via
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Find the right mortgage product for you.
Enquiries
We have conversations, not algorithms.
Our decisions are made by experts, not computers. We need to calculate the financials, but we understand there’s more behind a mortgage than the numbers on a page. We can’t promise to lend to everyone and anyone, but we’ll consider most applications on an individual basis.
Ready to go? We’d love to hear from you. Get in touch with our friendly and knowledgeable team.
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Call 0330 123 0723
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From Our Blog
Mortgage news.
Our blog contains the latest goings-on and updates across the Society, so here’s where you can check out our latest mortgage news.
Or, if you want to see more than just mortgages, take a look at all of our blogs.
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