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Bank of Ireland & Abbey Both Doing 95% LTV

adr0ck
adr0ck Posts: 2,376 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
in Mortgages & endowments
Bank of Ireland & Abbey Both Doing 95% LTV

Bank of Ireland Fixed 6.35%

Abbey Fixed 7.09%

Not very competitive but show higher LTV's seem to be on the way back

Comments

  • grogdog
    grogdog Posts: 295 Forumite
    keep them coming
  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    Part of the Furniture Combo Breaker
    5.95% was a good rate when houses cost £150K. 100% mortgage £961.87.

    7.09% would cost a little more if the house price had dropped 10% (£961.92).

    So, a 10% fall in house prices will mean the house costs 5p more per month.

    They are simply charging what they think they can get away with.

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • adr0ck
    adr0ck Posts: 2,376 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Gorgeous_George wrote: »
    5.95% was a good rate when houses cost £150K. 100% mortgage £961.87.

    7.09% would cost a little more if the house price had dropped 10% (£961.92).

    So, a 10% fall in house prices will mean the house costs 5p more per month.

    They are simply charging what they think they can get away with.

    GG

    so 6.35% rate saves you even more then
  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    Part of the Furniture Combo Breaker
    adr0ck wrote: »
    so 6.35% rate saves you even more then

    No idea. My BTL rate is 2.89%.

    :p:p:p:p:p:p:p:p:p:p:p:p:p:p:p:p

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • Tiddler_2
    Tiddler_2 Posts: 537 Forumite
    adr0ck wrote: »
    Bank of Ireland & Abbey Both Doing 95% LTV

    Bank of Ireland Fixed 6.35%

    Abbey Fixed 7.09%

    Not very competitive but show higher LTV's seem to be on the way back

    As far as I'm aware BOI never stopped doing 95% deals - as the deals require a parent/sponso to go on the mortgage with the applicant similar to a guarantor.

    The Abbey deal will have a HLC payable plus an upfront fee of £2499 which cannot be added to the mortgage (IMO would be better saving the extra 5% deposit)
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