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Low LTV mortgage
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Do you revert to the Nationwide BMR of 2.5% or the SMR of 3.99% ?0
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Thrugelmir wrote: »Once a LTV falls beneath a threshold such as 65%. Then the risk to the lender is neglible and changes little even as the LTV imprves further.
Took the words right out of my mouth.
You won't do better than you're on. Any mortgage you can find will probably be available for anything up to 60% LTV.
You might be much less risky than a 60% LTV mortgage, but in terms of how much capital a bank will have to hold against your mortgage balance, it's the same.0
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