crap deals for 90% LTV people

manikm

I feel very lucky that i managed to get the HSBC lifetime tracker at + 0.79 above base. (was avail until 2 weeks ago for 90% now only 75% ltv customers)

Since the rate cut, customers on 90% LTV (me) are being offered deals like +2.5 above base, putting them on about 7.00% or worse....

Scandalous!!!

_Andy_

I wouldn't say it's 'scandalous' - with property prices falling, a 90% LTV is a fairly high risk loan.

opinions4u

It's called market forces.

Higher risk = higher cost to lend.

If things get worse, watch deals over 75% of property value vanish.

asandwhen

I wish I had got a lifetime tracker a couple of years ago when they were base rate -0.5.

manikm

asandwhen wrote: »

I wish I had got a lifetime tracker a couple of years ago when they were base rate -0.5.

bloody hell, what a deal!!!

manikm

_Andy_ wrote: »

I wouldn't say it's 'scandalous' - with property prices falling, a 90% LTV is a fairly high risk loan.

ok then, i retract that - how about - "mental"

herbiesjp

manikm wrote: »

ok then, i retract that - how about - "mental"

I'd be more inclined to call it sensible

manikm

herbiesjp wrote: »

I'd be more inclined to call it sensible

u must be in your 40's or 50's then!

:rotfl:

herbiesjp

u must be in your 40's or 50's then!

:rotfl:

Why make that assumption?

Nowhere near :rolleyes:

baby_boomer

Sensible, not scandalous.

We don't want any more bank collapses than is absolutely necessary.

The country can't afford it.

manikm

herbiesjp wrote: »

Why make that assumption?

Nowhere near :rolleyes:

haha, sounds like something a very wise old owl would say.