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2nd time buyer & mortgage LTV
BeardedWonder
Posts: 78
Forumite
Bought our first property last year for £113k with an 85% LTV mortgage. Due to unforseen reasons we want to move start of next year.
Will we be likely to get a similar LTV? I've heard that mortgage companies offer a lower LTV for 2nd time buyers.
No major change in our financial circumstances, all going to plan andwith a bit of luck we'll have a higher combined income then as well.
Will we be likely to get a similar LTV? I've heard that mortgage companies offer a lower LTV for 2nd time buyers.
No major change in our financial circumstances, all going to plan andwith a bit of luck we'll have a higher combined income then as well.
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Comments
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I would be very surprised if 85% was considered to high even for a post ftbHi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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85% LTV shouldnt be an issue providing affordability and credit score wise you meet their criteria.I am a Mortgage AdviserYou 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.0
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Ok, that's reassuring. I had read spomewhere it'd be around 80% at best. Can't believe everything on the internet after all...0
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