What 60% LTV means
Loan-to-value is the size of your mortgage as a percentage of what the property is worth. At 60% LTV you are borrowing 60% of the value and covering the other 40% yourself — either as a deposit if you're buying, or as equity you already hold if you're remortgaging. On a £250,000 property that's a mortgage of £150,000 and £100,000 of your own money.
Lenders publish their rates in LTV bands, and the price steps down each time you cross into a lower band. The bands are hard edges, not a sliding scale: at 60.1% LTV you pay the rate for the band above, not something in between. That is why a small overpayment or a favourable valuation can be worth far more than it looks.
The rates in the table are the deals available to someone borrowing at 60% LTV — which includes any product whose maximum LTV is 60% or higher. If your LTV is lower than you assumed, you'll see better pricing than this page shows.
Why 60% is where the pricing stops improving
Almost every UK lender treats 60% as their lowest published LTV band. Get below it and you'll generally find the same rate as someone at exactly 60% — there is rarely a 50% or 40% tier to move into. That makes 60% a genuine finishing line rather than another step on a ladder.
The reason is risk arithmetic. At 60% LTV the property would need to lose more than 40% of its value before the lender's loan was at risk, and beyond that point further equity doesn't materially change the lender's exposure. So there's no commercial reason to price it lower.
This is worth knowing before you make sacrifices to overpay. Reducing your LTV from 68% to 60% can be worth a lot; reducing it from 55% to 45% typically changes your rate by nothing at all. If you're already comfortably inside the band, that money is likely better used elsewhere.
Getting under 60% before you remortgage
If you're close, it's usually worth pushing. Two things move your LTV: reducing the balance, and increasing the valuation.
On the balance side, most deals allow overpayments of up to 10% of the outstanding amount each year without penalty. A targeted overpayment in the months before you remortgage — enough to cross the band — can pay for itself many times over across a five-year deal.
On the valuation side, remortgage valuations are frequently automated, using property data rather than a physical visit. If the automated figure looks low, most lenders will consider a challenge supported by comparable local sales. It costs nothing to ask, and on a borderline case it can be the difference between two price bands.
What 60% LTV opens up
At this level you can access effectively the entire market — every lender, every product range, and the sharpest rates each one publishes. Your constraint stops being equity and becomes affordability and credit history instead.
It also makes fee-free deals more attractive than they are higher up the ladder. When the rate gap between products narrows, as it does in the cheapest band, the product fee becomes a larger share of the total cost — so the fee-free option wins more often here than at 90%.
Common questions
What does 60% LTV mean?
You're borrowing 60% of the property's value and covering the remaining 40% yourself, through a deposit or existing equity. On a £300,000 property that's a £180,000 mortgage and £120,000 of your own money.
Is 60% LTV the best rate band?
For practical purposes, yes. Almost all UK lenders make 60% their lowest published band, so going further below it rarely improves your rate. It's a finishing line rather than a step on a ladder.
Should I overpay to get to 60% LTV?
If you're close, it's often one of the highest-return things you can do, because crossing a band applies to the whole balance for the whole deal. If you're already well inside the band, further overpayment reduces your interest but won't improve your rate.
How is my LTV worked out when I remortgage?
The lender divides the amount you want to borrow by its own valuation of the property — not by what you paid, and not by what a portal estimates. Remortgage valuations are often automated from property data rather than a physical inspection.
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 deals above are the ones a borrower at 60% LTV could access at our most recent check. 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.