95% LTV is back

adr0ck

Both Bank of Ireland and Abbey offering 95% LTV for first time buyers

mitchaa

What kind of rates?

Good news i suppose for the FTB, i think a sign of things to come. When the lending starts, HPC will slow down and things will begin to recover sooner.

Brave move by the banks with uncertain times ahead.

edited...Hmm...It would appear there are a few more...

http://www.money.co.uk/mortgages/95-mortgages.htm

http://www.money.co.uk/mortgages/95-mortgages.htm?page=2

1echidna

Sounds good but what kind of income, job security etc do you have to have? My bank, Lloyds TSB, keeps sending me offers to take out a loan. They must know I have savings and investments but I suppose the fact that they are offering these loans to people who are of low risk of defaulting looks good in their public relations.

skap7309

Thats responsible of them. :rolleyes:

Cant see the rates being particularly good value though and as a FTB........

........i'll pass thanks.

hethmar

Thats amazing - 95% when they are expecting the property to fall by another 15% in a year.

lynzpower

that is amazing?

Incidentally has anyone heard of "northern bank" are they a subsidiary of anyone?

offering 3.99- might be interested if slightly lower LOL

adr0ck

hethmar wrote: »

Thats amazing - 95% when they are expecting the property to fall by another 15% in a year.

there not very competitive but Britannia Building Society with 90% LTV @ 4.99% with no set up Fee is a great rate for first time buyers at the mo

GracieP

hethmar wrote: »

Thats amazing - 95% when they are expecting the property to fall by another 15% in a year.

Yeah but 95% is a magic number for Bank of Ireland. It's how much their share price fell from Feb 07 to Nov 08. It's fallen even more since then and is now trading at 68c a share, from a high of €18.83.



So obviously these new loans are not a sign of desperation, but are in fact market leaders.:rolleyes:

hethmar

Thats a lot better than the fixed rate my son got on 70% LTV only last month.

MrDT

adr0ck wrote: »

there not very competitive but Britannia Building Society with 90% LTV @ 4.99% with no set up Fee is a great rate for first time buyers at the mo

Fixed, or BR+3%?

Cheap trackers are gonna be the downfall of many people. Well, I say many, what I mean is the downfall of the handful of people still buying.

pizzagirl

lynzpower wrote: »

that is amazing?

Incidentally has anyone heard of "northern bank" are they a subsidiary of anyone?

I think they are a subsidiary of a Danish bank and operate mainly in Northern Ireland