Help finding best 85% or 90% LTV remortgage deal

Hillfly

I have searched the usual methods but am aware that sometimes deals slip through the net so I wondered if people could post the best deals they have come across in these higher LTV brackets.
As many people are probably slipping into this bracket I though it may prove useful for others as well as helping me out.

Links would aslo be useful.

Thanks for anyone willing to help.:T

devilot

I was recommended Cheltenham and Gloucester the other day, 5 year fixed at 6.29% for max 90% LTV.

Hillfly

Natwest has:
5 yr fixes at 5.69 for 85% LTV (£299 fee)
5 yr fixes at 6.49 for 90% LTV (£299 fee)

I find it increasingly annoying that despite a cracking credit hisory and good income banks are able to offer such poor deals to the customers who still have 10 to 15 % equity in their property.

I understand the mortgage pricing is all about risk but it seems all the risk is being evaluated based on the value of the asset being borrowed against with less and less consideration given to the abilty of the borrower to repay the loan. Ironcially if they were to offer the better rate deals to those with less equity they would be less likely to default as payments would be lower and so the risk woudl be less. The banks create a greater risk. Shame they didn't place this same emphasis a few years ago when you could get 110% mortgage at stupid income multiples.

Rant over.:mad:

Conrad

On the one hand people want cheap mortgages, on the other they expect thier pensions to do well (see pension holders on other threads bemoaning poor returns), which of course will only do so if the underlying assets such as Bank shares, fare well.

Bank profits are desired purely so as shareholders (pension and investment funds) maximise returns, which means for example pricing mortgages to bring about this aim.

I think all us Humans have narrow agendas and can't see the full picture.
Do we want 1) cheap mortgages and crap pensions or 2) better pensions and more profitable lending??

Hillfly

It's an interesting point but doesn't fully explain why such institutions as Nationwide or the Co-op have this mentality.