Good rates for 88% LTV?

sheppard

I need to remortgage in January and have been looking at different mortgages and I cant seem to find any decent rates for upto 90% LTV.

has anyone seen any decent rates or have any advice on this.

thanks.

koexelek

any rates above 85% will be very high.

I would have thought you'd have been better off staying with your current lender... either on their standard rate or on one of their new deals ( if they are prepared to offer one)

opinions4u

sheppard wrote: »

I need to remortgage in January

You absolutely don't "need" to remortgage. You may want to. You may feel that you can get a better deal by doing so. But staying with your existing lender may be the best option.

and have been looking at different mortgages and I cant seem to find any decent rates for upto 90% LTV.

There aren't any. Many lenders aren't even in the market over 85% and those that are price to risk. If you could reduce your debt by 3% you may open more doors.

sheppard

Thanks for replying, I kind of expected that would be the case I'm going to see my existing lender this week so will see what they can offer

blueberrypie

It's in your existing lender's interest to sell you a new deal, because:
a) they'll get any fees involved, and
b) there's a good chance any new deal will be on a higher interest rate than the follow-on rate on your current product.

Who is your current lender? What rate does your mortgage go onto once the initial period is up? It is possible (perhaps even likely) that you would be better off sticking to your current deal and overpaying rather than remortgaging. If you decide to remortgage anyway, it is very likely that researching the whole market will provide better options than limiting yourself to products from your current lender.