What's your loan-to-value — and is a cheaper band close?
Mortgage rates step down at LTV thresholds — 90%, 85%, 80%, 75%, 60%. Slipping just under the next one can cut your rate. Enter the price and your deposit to see your LTV, the band you're in, and exactly how much more deposit reaches the next. Free, no sign-up.
A guide, not mortgage advice. The bands shown are the LTV tiers lenders commonly price against — the actual rate depends on the lender, product and your circumstances. A broker can tell you whether nudging into a lower band is worth the extra deposit. Nothing you type here leaves your browser.
Rates drop in steps, not a smooth line.
Loan-to-value is the mortgage as a percentage of the property's value: a £225,000 loan on a £250,000 home is 90% LTV. The lower it is, the less risk to the lender — and the better the rate they'll offer.
The steps. Lenders don't price LTV smoothly. They use thresholds — typically 95%, 90%, 85%, 80%, 75% and 60% — and the best rate in each tier applies up to that ceiling. So 90.1% LTV is priced as the 95% tier, while 89.9% gets the cheaper 90% tier. Slipping just under a threshold can save more than the extra deposit costs over a fixed term.
How to use this. If you're a whisker over a threshold, the tool shows the extra deposit to cross it. Sometimes finding a little more — or negotiating the price down — pays for itself quickly in a lower monthly payment. Other times the gap is too big to be worth it, and that's just as useful to know.
Remortgaging? The same logic applies using your equity instead of a deposit. As you pay down the loan and the property's value rises, your LTV falls — and at the next remortgage you may drop into a cheaper band automatically.
Buying or remortgaging? Keep the paperwork together.
Stead keeps your property documents, mortgage details, EPC and home maintenance in one place — so the next valuation, remortgage or sale isn't a scramble for files.