Merged loan/mortgage deals

Chrispy_2

Have these disappeared off the market due to the recent credit crunch?

I'm a first time buyer after a new property and the most manageable option for me would be if any of the above are still available.

_Andy_

I'm afraid you will need (at bare minimum) a 5% deposit.

Chrispy_2

_Andy_ wrote: »

I'm afraid you will need (at bare minimum) a 5% deposit.

Im aware of that I meant that i have 2 existing short term loans that i was looking to amalgamate into a new mortgage but i noticed that northern rock cancelled the 'together' package. I was looking for alternatives.

Conrad

Crispy

Lenders wont go above 95% as Andy says, which means of course you cannot add debt to a 95% mortgage as it would then be an above 95% deal.

There are few 95% deals and as such the rates are high and affordability criteria very tight.

I suspect you might need to clear those loans before buying a home as the tight mortgage market is going to be here for at least another 18 months