Bank of Ireland & Abbey Both Doing 95% LTV

adr0ck

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

grogdog

keep them coming

Gorgeous_George

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

adr0ck

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

adr0ck wrote: »

so 6.35% rate saves you even more then

No idea. My BTL rate is 2.89%.



GG

Tiddler_2

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)