Ing Mortgages? and help reqd best mortgage for me..

foxyuk

hi guys looking at moving house...

i paid off mortgage 5 yrs ago so will have £185000 equity.... looking at house in region of £330000 max so borrowing only 40%(145k)

i contacted ing whom adv that mortgage can take 10 weeks, they will only account for 50% of my regular commision and when i asked about interest only they insisted on a repayment vehicle.

i have no private pension etc but have approx 75k i can get hands on...... the next move is really a 2 yr project as have contact to get a bmv do a bit of renovation then move again hence why i want a bit of interest only......

kingstreet

Do you need more than 50% of your commission taking into account?

There are still lenders offering Interest-Only with no RV as long as the LTV is under 75%.

Look down the list of possible lenders for the deal you want and check each one. There's no shortcut.

foxyuk

kingstreet wrote: »

Do you need more than 50% of your commission taking into account?

There are still lenders offering Interest-Only with no RV as long as the LTV is under 75%.

Look down the list of possible lenders for the deal you want and check each one. There's no shortcut.

hi there dont really need more than the 50% commision but would rather interest only as i said a 2 year plan so going repayment for 2 years then downgrading seems a waste of money if i can go straight interest only ..... surprised interest only is an issue with ing bearing in mind only want 40% im no risk......

you got any lender suggestions..?

foxyuk

hi guys whats the best sites to check mortgage comparison,....????

as the wife is 48 some lender will only lend for 17 yr period

my ltv is max of 50%