What 60% LTV means for a 5-year fix
This page filters the 5-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.
This is about as good as UK mortgage pricing gets: the lowest LTV band lenders publish, on the term most lenders compete hardest to fill. Your equity places no constraint on which lenders will consider you.
With the rate spread tight at this level, the product fee becomes proportionally more important. Run the break-even before defaulting to the lowest headline rate — over five years a large balance usually justifies a fee, but the margin is narrower here than in the higher bands.
Getting under 60% LTV before you take a 5-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 5-year fix locks that band in for 5 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 5 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 5-year fix at 60% LTV right for you?
The combination suits someone settled in their home with substantial equity who wants the payment fixed and forgotten for five years. It's the default position for a large share of established homeowners, and there's little to argue with in it.
The one thing to check properly is the early repayment charge structure. At this LTV you may well have the means to repay a chunk of the mortgage during the deal, and ERC terms vary far more between lenders than the rates do — a tapering charge and a flat one can differ by thousands.
Common questions
What does 60% LTV mean on a 5-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 5-year deal. On a £300,000 property it means a mortgage of £180,000.
Can I get a 5-year fixed rate at 60% LTV?
Yes — the table above lists the 5-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.
Can I overpay a 5-year fix at 60% LTV?
Almost always up to a limit, commonly 10% of the outstanding balance each year without penalty. Since 60% is typically the lowest band, overpaying beyond it won't improve your rate further, but it does cut the interest you pay and shorten the term.
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 5-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.