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confused
nicolataplin
Posts: 1 Newbie
Hi can anybody help?we are looking to get a mortgage and buy our first home.we have been dealing with an independant mortgage advisor who has told us we will be able to get a 95% LTV mortgage.however we then went to get some more advice today from an estate agents own mortgage advisor,who told us that no where is doing 95% LTV mortgages anymore,and that 10% is the minimum deposit required.we are now confused and do not know which is true.can anybody shed some light on this for us?
any help appreciated thank you
any help appreciated thank you
0
Comments
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I doubt you'll find a 95% mortgage anywhere. You're about 12 months too late for one of those.0
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C&G directHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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Even if there were plentiful 95% deals:
1) You might not fit the lending criteria
2) Would you want to buy at a level that means you are in negative equity almost straight away?I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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