New online service – You can now open new savings accounts and view your branch account and mortgage via our online service.

20% deposit mortgages.

Mortgages for real life

Purchasing or remortgaging with a 20% deposit? You’ll need an 80% loan to value mortgage.

Find a mortgage product

Discover 80% LTV mortgages
for your 20% deposit.

Your questions answered

The lowdown on 80%
loan to value mortgages.

If you’re a first time buyer and have been [gifted a deposit] from a family member you may be able to use this alongside your own funds to access an 80% LTV mortgage.

You don’t just have to be a first time buyer, as [gifted deposits] can usually also be used by second time buyers, home movers and even existing homeowners seeking to [remortgage] and use the funds to reduce their borrowing.

Take a look at our [gifted deposit] page for the latest information.

Generally, yes. It will of course depend on the terms of your existing mortgage, and what 80% loan to value mortgages are available from other providers – along with their individual lending criteria. For a guide to remortgaging check out our [remortgaging page].

You’ll need to know three things. Firstly, the purchase price/value of the new property. Secondly, how much you will be putting towards the purchase yourself as a deposit– through cash savings and/or equity in your current home. Finally, subtract the deposit amount from the purchase price and this will give you the mortgage required, which can be calculated as a ratio of the purchase price.

For example: you have seen a house for £325,000 and have £57,500 equity in your current home, which you will be adding £10,000 cash to. This means you need a mortgage of £257,500 which is 79.2% loan to value – meaning you can access 80% LTV deals.

Generally the lower your LTV ratio the better interest rate you’ll be able to access. But whilst it can be tempting to use your funds to reduce your mortgage balance, you should carefully assess whether you can afford to reduce your savings and have money left over to adequately cover unexpected – or expected – overheads. It’s best to do some thorough financial planning to decide what’s right for you, and you may also decide to enlist the help of an independent financial advisor.

Don’t forget if you’re not quite at the 80% LTV ratio there may still be plenty of options for you at 85% loan to value, so why not take a look at our mortgage finder to view the options available.


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.

Prefer to talk?
Call 0330 123 0723

Contact us

    Your browser is out-of-date.

    Welcome to our new website. This site is not fully supported in Internet Explorer.
    Please download one of the browsers below to continue using this website.

    • Google Chrome
    • Microsoft Edge