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Mortgage & Equity Release - Call Us 0117 403 4474

What is your mortgage for?

Details sort by initial rateLenderInitial rate Rate type Overall cost for comparisonMax LTVProduct feeMonthly cost Enquire
Initial rate: 3.9%
Rate type: Fixed Aug-2023
Monthly cost: £1488.64 per month
Max LTV: 95%
Product fee: £30.00
Overall cost for comparison: 3.7% APRC
NatWest logo 3.9% Fixed Aug-2023 3.7% APRC 95% £30.00 £1488.64 per month get quotes Call direct0800 068 8567 More details
Initial rate: 4.04%
Rate type: Fixed Aug-2026
Monthly cost: £1510.64 per month
Max LTV: 95%
Product fee: £30.00
Overall cost for comparison: 3.7% APRC
NatWest logo 4.04% Fixed Aug-2026 3.7% APRC 95% £30.00 £1510.64 per month get quotes Call direct0800 068 8567 More details

Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.


The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).


In this example the overall cost for comparison is 3.7% APRC representative.



Deposit For A Mortgage

If you are currently looking for a mortgage you may be wondering exactly how large of a deposit for a mortgage you would need.

There is no standard amount that borrowers need saved as deposit for a mortgage, the size of a deposit you will need to put down will be dependent on how much you wish to borrow and how low you want your interest rates to be.

Generally speaking however the larger the deposit you can afford to put down the cheaper your mortgage deal will be.

Loan to Value

The Loan to Value (LTV) of a mortgage refers to the ratio between the size of the deposit and amount borrowed. You will often see different mortgage plans advertised by their maximum LTV. So for example if you wished to purchase a house worth £200,000 and you could afford to put down £10,000 as a deposit then you may be able to get a mortgage with an LTV of 95%

However your may be able to get a mortgage with much cheaper rates if you could afford to put more money down as a deposit and get an LTV of 70% or 60%.


How much exactly you can borrow from a lender will depend on more than just how much you have saved as a deposit.

A lender will want to assess your affordability, this essentially means they will want to check what your monthly income is including both your salary as well any additional sources of income, they will also want to see an estimate of what your average outgoings are taking into account everything from costs for transport, food, entertainment, utility bills and dependants as well as things such as existing credit commitments like car loan payments. If you have a bad credit history this can affect your ability to get a mortgage.

Based on this each lender will be able to assess exactly how much they would be willing to loan you by estimating how much you can afford to pay in monthly repayments. They will also take into account things such as your credit score.

Help to buy

There are currently several government schemes available designed to aid borrowers with smaller deposits to buy property.

Help to buy Equity loans

With the equity loan scheme, borrowers who can afford to put down a deposit of 5% can borrow up to 20% of the cost of a new build home, enabling them to apply for mortgages with LTV’s of 75%.

For example if a borrower was looking to purchase a new build home worth £200,000 and had a deposit of £10,000 could then borrow £40,000 from the Government and use a mortgage to make up the remaining £150,000 reducing how a borrowers mortgage rates.

Mortgage Guarantee

With the Mortgage Guarantee scheme, the Government allows the lender to purchase a guarantee on a mortgage loan, so for a borrower who could put down a £10,000 deposit on a 200,000 home the government would be able to guarantee £30,000 to the lender in case the borrower defaulted. Which allows them to offer more high loan to value mortgages. 

If you want to find out more about mortgages speaking to an independent mortgage adviser may help you, you can fill in the contact form on this page to request a free initial consultation about mortgages from a Fair Mortgages Adviser. 

Our Mortgage Adviser Service

Based in Bristol and Edinburgh we can offer you a mortgage advisor service by telephone or face to face. 

Special features of what we offer include:

  • Whole of market service - we compare over 60 UK lenders to help you find the right deal for your circumstances
  • Telephone based service - you are welcome to come to our offices in Bristol or Edinburgh if you prefer a face to face meeting
  • Access to leading market mortgage rates
  • Access to mortgage deals not available on high street
  • Fast turnaround - speak to us today if you need to move quickly
  • Personal service from start to finish
  • Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions

To investigate your mortgage options call our mortgage advisor team or fill in our call back form.

"The essence of the Fair Mortgages service is professional independent mortgage and protection advice brought to you by a team of Bristol located specialist advisers and experienced administration support. 

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