Where to get a 90% mortgage from>?

camper_1982

Hi,

We are putting the house on the market in the next few months, but before we make that step i need to make sure we are able to get a mortgage that will fill our requirements.

Our current mortgage runs out in November and they are now only offering 75%ltv. As we want to move, we dont want to renew the mortgage with them so i need to find a new company.

Does anyone know where to got a 90%ltv mortgage from? Ive had a look around but they are all saying need to be an existing customer blah blah.....

thanks

Berkshiregirl

90% mortgages are increasingly difficult to get hold of at the moment, and your chances would be far better if you could get down to 85%, which I know if probably not possible.

However, don't forget you don't need to renew your current mortgage - check your paperwork to see what rate it will go down to. You may find you drop to an SVR or a tracker rate below what you're currently paying and at least while you're thinking about moving this might be the best bet.

Conrad

Saffron building society offer 90% in the Herts / Cambs / Essex area. Rate is 5.65%. Must be squeaky clean and a perfect model borrower - at least 1 year in job, and usualy 3.5X sole income unless you earn above £40000 basic salary.

Other than that the rates tend to be 6.5% - 7.8%, unless you can find a direct only deal with Clydesdale or someone. Again at 90% you will have to be the perfect model borrower and not looking for an income stretch.

SelbyJay_2

Yeah, i'd check what your current lenders LTV is cos you might find your monthly payments come down, if you're just coming off a fixed rate.

You will be looking at approx 7% interest on a 90% deal. Halifax are doing them, but they are expensive.