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  • FIRST POST
    • ferry
    • By ferry 12th Oct 17, 7:42 AM
    • 1,605Posts
    • 247Thanks
    ferry
    How important is LTV where remortgaging with past defaults?
    • #1
    • 12th Oct 17, 7:42 AM
    How important is LTV where remortgaging with past defaults? 12th Oct 17 at 7:42 AM
    We would like to move home next year however we have defaults less than 3 years old on file.
    We recently changed mortgage product with Santander which meant we could take advantge of a 1.69 deal for 2 years.
    The defaults were cleared in full and final settlements.

    Also our LTV is only 32% but am curious how much importance lenders place on this fact given that the defaults are quite recent.

    Thanks as usual
Page 1
    • David White
    • By David White 12th Oct 17, 9:15 AM
    • 835 Posts
    • 358 Thanks
    David White
    • #2
    • 12th Oct 17, 9:15 AM
    • #2
    • 12th Oct 17, 9:15 AM
    You'll find it's not an exact science however a LTV of 32% would most certainly help your case with most lenders and this is definitely an example of where a good broker could save you money.

    I'm assuming the deal you've recently taken out with Santander doesn't have an early repayment charge?
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.
    This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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