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New home mortgage

cpitcher
cpitcher Posts: 2 Newbie
in Mortgages & endowments
Hi guys,

Hope you can help me, looking at buying a brand new home (East Midlands) but heard you cannot get it on 90% ltv due to lending policies. Is this right? if so whats the maximum ltv thats available? and where from?

Thanks for your help

Craig

Comments

  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    cpitcher wrote: »
    Hi guys,

    Hope you can help me, looking at buying a brand new home (East Midlands) but heard you cannot get it on 90% ltv due to lending policies. Is this right? if so whats the maximum ltv thats available? and where from?

    Thanks for your help

    Craig

    Are you a First Time Buyer?

    Do you haev the 10% deposit or is this made up of incentives from the developer?
    I am a Mortgage Adviser
    You 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.
  • cpitcher
    cpitcher Posts: 2 Newbie
    I'm not a first time buyer, i have a house to part exchange but got it when 100% interest only mortgages were possible, so no equity. I have the 10% in savings, not incentives.

    Thanks

    Craig
  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Wont get 90% unless a First Time Buyer.

    Probably 80% max.
    I am a Mortgage Adviser
    You 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.
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