What 60% LTV means for a 2-year fix
This page filters the 2-year fixed market down to products a borrower at 60% loan-to-value can actually take — that is, deals whose maximum LTV is 60% or above. On a £250,000 property that means a mortgage of about £150,000, with £100,000 covered by your deposit or existing equity.
60% is the cheapest band lenders publish, so this combination gives you the whole 2-year fixed market to choose from at its keenest pricing. Nothing about your equity is holding you back — affordability and credit history are the only remaining constraints.
With so much choice, the practical decision moves away from the rate and towards the fee. In the 60% band the top handful of 2-year deals often sit within a fraction of a percent of each other, so a £1,499 fee against a fee-free alternative frequently decides which is genuinely cheapest.
Getting under 60% LTV before you take a 2-year fix
Whether you qualify at 60% comes down to the lender's own valuation, divided into the amount you want to borrow. Not the price you paid, not a portal's estimate, and not what a neighbour's house sold for. Since a 2-year fix locks that band in for 2 years, it is worth a few minutes' attention before you apply rather than after.
The bands are hard steps, so landing marginally the wrong side of 60% costs you the whole band for the full 2 years — not a proportionate amount. Two things can move you across: a modest overpayment before you apply, and challenging a low valuation with evidence of comparable local sales. Remortgage valuations are frequently automated from property data, and automated figures are sometimes conservative enough to be worth contesting.
Is a 2-year fix at 60% LTV right for you?
This is a common position for someone well into their mortgage term who is choosing a short fix deliberately — usually because they expect rates to fall, or because they may repay a large lump sum and want out of the deal sooner.
If neither applies, price the 5-year alternative at the same LTV before committing. At 60% the gap between the two terms is often narrow, and the longer deal saves you a round of switching costs and admin.
Common questions
What does 60% LTV mean on a 2-year fix?
You're borrowing 60% of the property's value, with the other 40% covered by your deposit or the equity you already hold, and that ratio sets the price band your rate is drawn from for the whole 2-year deal. On a £300,000 property it means a mortgage of £180,000.
Can I get a 2-year fixed rate at 60% LTV?
Yes — the table above lists the 2-year fixed products we currently see available at 60% LTV. Availability and pricing depend on the lender's criteria, the property type and your circumstances as well as the 60% figure, and the range on offer at this band is not the same as at the bands above or below it.
Is it worth getting below 60% LTV?
Generally not for rate purposes. 60% is the lowest band nearly all lenders publish, so borrowing at 50% or 40% usually gets you the same pricing. Overpaying below that point still reduces your interest, but it won't move you into a cheaper band.
How current are the rates on this page?
We collect product data from the lenders we track from their published information and refresh it regularly, so the 2-year fixed deals listed are those we last saw available to a borrower at 60% LTV. Lenders can withdraw or reprice a deal at any time, sometimes with a few hours' notice, and a rate shown here is not an offer — availability depends on your circumstances, the property and the lender's own criteria.