long term fix at max ltv?

Euphoria1z

hi

when my 2 yr fix comes to an end in july 09, i will go on the svr but will want to go on a long term fix like 5-10 yrs as soon as possible. My 3bed flat was purchased for 165k with a 15% dep of 24K (near edinburgh)

so what are the current rates for long term fixes for people with 85% LTv or poss even more? i might aswell start planning this now, so would like an idea of what rates i may get.
thanks

koexelek

At the moment, you would be talking rates well over 6% at 85% loan to valueAll the best rates are below 75% loan to value

Euphoria1z

is there a site where i can have a look at all the fixed rated at 85% LTV?
ive looked at a few sites, but when you go into apply/more info they change there ltv and say only for 65-75%ltv.

do we have an updated site that doesnt mislead you?

gitch01

britannia are doing a 10 year fixed at 5.89% with a £549 fee for 85% LTV

Euphoria1z

gitch01 wrote: »

britannia are doing a 10 year fixed at 5.89% with a £549 fee for 85% LTV

thanks for that, had a wee look , theres an option 1 and option 2? option 1 being cheaper than option2 or rather with a lower rate ? why is it cheaper than option 2?
http://www.britannia.co.uk/mortgage/fixed/10_year/index.html
thanks

Edit: also looking at their buy to let products, it doesnt state what the ltv is??

gitch01

option 2 is no fees but the rate is 6.29%

Mapson_2

Euphoria1z wrote: »

so what are the current rates for long term fixes for people with 85% LTv or poss even more?

Look at 85% fixed rates over 5-10 years from all lenders by using FSA website - http://www.fsa.gov.uk/tables/ then click on compare mortgages.

Euphoria1z

Mapson wrote: »

Look at 85% fixed rates over 5-10 years from all lenders by using FSA website - http://www.fsa.gov.uk/tables/ then click on compare mortgages.

thanks, great site.

but, ive put in details for long term fix but it only shows max of 5 years fixed, not 10!!! so even tho brittania are advertising a 10 yr fix, how come it doesnt show any 10 yr fixes on the fsa site?

details i put in were 165k value, 145k int only re-mortgage,25 yrs, in scotland,fixed rate, but am only getting max fix of 5 yrs

ta.

angelsis68

I too am just about to come off fixed rate ...currently at 5.49%, I wondered about staying on SVR for a little while but as I want to release some more capital (house value £110,000, current mortgage £41000), I have been offered a 5year fixed with Abbey on 4.69%...I soooo cant decide what to do !

sammyjammy

I think the FSA site is working out 145k/165k as over 85% LTV, if you change your requirement to 140k it comes up in the list

Euphoria1z

sammyjammy wrote: »

I think the FSA site is working out 145k/165k as over 85% LTV, if you change your requirement to 140k it comes up in the list

yep, got it now. thanks for your help. just means that im gonna have to stump up 5k to get that deal if it values for 165k! im really tempted to do this to get a 10 yr fix. speaking to a friend and he says well what if we end up in a depression? then rates may go down to 0% and stay there for a few yrs!!! will a 10yr fix still be worth it?

im thinking yes.
any comments on interest rates in a depression?