which lender

lola_rose_3

Hi, can anyone offer advise as to the best lender to offer 95%

HGLTsuperstar

HOw long is a piece....need lots more info re: do you want fixed rate? how long? size of mortgage, salary....

lola_rose_3

no fixed rate, interest only and a mortgage of around 90k, salary 23,000

homer_j_3

I would recommend you go and see a broker or please give more information for people to try and assist you further.

What is it that you are trying to do - purchase, remortgage, buy to let?
What features are important to you in your next mortgage?
How long do you want to commit to your next mortgage?
What type of product do you want if you dont want a fixed rate?
And why?

There are a lot of other questions but at least if you can answer these then you may give yourself a starting point.

lola_rose_3

looking to purchase a property, want to keep the property about 6mths - 1year and then sell.

homer_j_3

lola_rose wrote:

looking to purchase a property, want to keep the property about 6mths - 1year and then sell.

What you hoping to achieve by that?

Your costs will outweigh any benefit you can get. You may be able to pull a 1 year preferential rate but anything less is really unheard of. You might find the odd deal but the cost of setting up a mortgage and running it doesnt really meet your kind of plan.

Go and see a broker but dont be suprised if they put you straight on a variable rate of somewhere between 5 - 7%

Just remember when you sell you will pay legal fees, estate agent costs etc. The only kind of short term property are normally investment property as renting normaly proves cheaper on suchg a short term. If this is what you are doing then you evasiveness and short answers are not doing you favours.

lola_rose_3

no I didn`t plan to rent, however, it may be an idea. I am planning to work in Ireland hence the reason for selling after 6-12 months. Yes, I may think of renting. Thanks

Faster_Loans

Hi lola rose,
Have you considered that it may take longer to sell?
You should be able to repay but will it be more difficult if you cannot sell as soon as you hope? What risk are you prepared to take? Can we find a less risky way forward?
Regards,
Alex

MortgageMamma

Faster Loans

I suggest you change your signature as it is blatantly touting for business and against site rules. This has been reported to the forum moderators who will not doubt speak with you on this matter.