How LTV affects a bad credit remortgage
How loan to value is worked out, how bands work and why more equity can widen your options.
Free tool · LTV and equity
Bad credit remortgage calculator
Enter your home’s value and what you owe to see your loan to value (LTV), your equity and how much you could borrow in total at each LTV band. LTV is one of the biggest factors in a bad credit remortgage, so it helps to know where you stand before you speak to anyone.
The calculator does the arithmetic only. It doesn’t show rates or payments, and it can’t tell you whether a lender will accept you.
Your results
Loan to value
60%
In the up to 60% band
- Equity
- £100,000
- Equity share
- 40%
- New mortgage
- £150,000
General patterns, not lender rules. Each lender sets its own limits.
Check your remortgage optionsHow much could you borrow at each LTV band?
Based on your property value. This is simple arithmetic to show how the bands work, not an offer or an indication of what a lender would lend.
| LTV band | Maximum total mortgage | Compared with what you owe now |
|---|---|---|
| Up to 60% | - | - |
| Up to 65% | - | - |
| Up to 70% | - | - |
| Up to 75% | - | - |
| Up to 80% | - | - |
| Up to 85% | - | - |
| Up to 90% | - | - |
Your home may be repossessed if you do not keep up repayments on your mortgage.
What your results mean
Your LTV is the mortgage amount as a share of your home’s value. The lower it is, the more equity you have, and the more lenders and deals are generally open to you. With adverse credit, LTV matters even more, because many lenders set lower limits for applicants with recent or serious credit issues.
Lenders price mortgages in LTV bands, often in 5% steps. Moving from 76% to 74% can put you in a different band, so small changes to how much you borrow can make a real difference. Our guide on how LTV affects a bad credit remortgage explains this in more detail.
Borrowing more
If you add extra borrowing, your LTV rises. That can move you into a band where fewer lenders consider adverse credit. If you are thinking about remortgaging to pay off debt, remember that those debts become secured on your home and a longer term can mean paying more in total.
If your LTV is high
When equity is low, a product transfer with your current lender is often the most realistic route. See remortgaging with little equity and our page on your credit score and what lenders see.
Calculator questions
How is loan to value worked out?
Divide the mortgage amount by the value of your home and multiply by 100. A £150,000 mortgage on a £250,000 home is 60% LTV. If you want to borrow extra, add it to the mortgage amount first. Our guide on how LTV affects a bad credit remortgage explains why it matters.
Does this calculator tell me whether I will be accepted?
No. It only does the arithmetic. Whether a lender will consider you depends on your credit history, income, outgoings and its own criteria, which vary between lenders and change over time. An adviser can tell you which options may realistically fit your circumstances.
Why doesn’t it show monthly payments?
Monthly payments depend on the interest rate, the term and any fees, and rates for adverse credit vary widely with the type and age of the credit issue. Rather than show a figure that could mislead, the calculator sticks to LTV and equity. An adviser can explain the real costs of any option, including fees.
Which property value should I use?
Use a realistic estimate, for example based on recent sales of similar homes nearby. A lender will use its own valuation, which can come in lower than you expect. If it does, your LTV will be higher than the calculator shows, so it can help to try a slightly lower value too.
Check your options
Find out what may be possible for you
Tell us a little about your circumstances and we’ll help you understand your next steps.
- Takes about two minutes
- No obligation to go ahead
- No credit check to enquire
Check your remortgage options
Your home may be repossessed if you do not keep up repayments on your mortgage.