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My neighbour is staying
Comments
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casualwalks wrote: »Really? Whose's offering 100%? I'm surprised that there are any in this climat.
Link to an article here http://www.lovemoney.com/news/property-and-mortgages/mortgages/12561/100-mortgages-are-back?source=10005570 -
Yes, but they all have pretty big caveats - you have to be an existing member of the bank/building society, family must put up 20% in a separate account etc. Good thing too -I'd wouldn't want to invest in any bank that was giving 100% mortgages out willy nilly at the moment.0
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Ok Just read the article, mostly its 100% for people re-mortgaging. The rest of the 100% for FTB require a relative to use their property as collateral for the loan.0
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Clydesdale/Yorkshire Bank and Skipton are offering 95% products, as are one or two local societies in their own areas. Many lenders are offering 90%, so whatever problems these buyers had, it wasn't sources of low-deposit mortgages.Issue being is that as you will know deposits are required and no matter how far down a chain you go someone is starting off on the ladder and needing 25% plus deposit and it just knocks on along the chain.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0 -
The building society probably decided it was not worth £190k and would not lend the required amount.kingstreet wrote: »Clydesdale/Yorkshire Bank and Skipton are offering 95% products, as are one or two local societies in their own areas. Many lenders are offering 90%, so whatever problems these buyers had, it wasn't sources of low-deposit mortgages.0 -
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Running_Horse wrote: »Please elaborate, muscles.
The Milkman leaving Mrs Jones house at 8.30am and then going into Mrs Smiths house at 8.35am0 -
And nine months later X number of ginger haired babies are borned0
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It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0
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