Help with remortgage

coloursixseven

Does anyone know of any other banks who who offer trackers that are close to HSBC's base rate +0.94 tracker rate and the similar one at First Direct for 90% LTV. I've been declined for both and wanted to find out what the next best thing was, but I can't see anyone else that's anywhere near them. Are they really such standout offers, surely someone else has something similar?

I'm coming off of a 100% NR Together mortgage in December and I thought I had done the hard part by getting together the 10-15% to put down for my next mortgage, but it seems not!!

Any tips greatly appreciated!

herbiesjp

Before applying any further and harming your credit score - have you found out why you have been declined?

minimike2

Short answer is no. Not at 90%

Expect to be looking at Base +1.99 ish at this LTV.

coloursixseven

herbiesjp wrote: »

Before applying any further and harming your credit score - have you found out why you have been declined?

First Direct because I'm a customer and they aren't happy with the way my account is run.

HSBC because I have a flat that I rent out - they offer up to 90% LTV on the product but it drops to 80% if it's not the only property you have.

coloursixseven

minimike2 wrote: »

Short answer is no. Not at 90%

Expect to be looking at Base +1.99 ish at this LTV.

So these really are very much market leading products then? Because they are available at 90% LTV, just not to me.

Would 85% improve my chances much or would I need to get to 75% to have any impact?

herbiesjp

coloursixseven wrote: »

So these really are very much market leading products then? Because they are available at 90% LTV, just not to me.

Would 85% improve my chances much or would I need to get to 75% to have any impact?

That is correct on both points.

However, having the property in the background as you have seen can put a spanner in the works as well with some lenders.

So your best bet is to chat your situation through in detail with a whole of market adviser, as in the current climate only the slightest thing will mean a decline as you have found out