90LTV mortgage with existing property let out?

kingstreet

If the full application was declined, you'd either have to find another lender, or withdraw the offer.

Do you want a five year fix at 4.79%? A broker will find you a better deal than that.

Dave_Ham

kingstreet wrote: »

If the full application was declined, you'd either have to find another lender, or withdraw the offer.

Do you want a five year fix at 4.79%? A broker will find you a better deal than that.

At 90% with no fee?

If you or partner have a core account with them, they are apparently pretty friendly. Outside of that you do get a few horror stories about them but nothing major.

I have hardly used at all recently, just because they keep moving the goal posts and genuinely only after core account holders and the high earners...

Best of luck

kingstreet

Sorry, I should have phrased that better. I should have said;-

"Do you really want a five year fix? And at 4.79%?

A product with a fee may be better as you could achieve a lower rate, more important in saving money when you are borrowing more than £100k."

Dave_Ham

kingstreet wrote: »

Sorry, I should have phrased that better. I should have said;-

"Do you really want a five year fix? And at 4.79%?

A product with a fee may be better as you could achieve a lower rate, more important in saving money when you are borrowing more than £100k."

Was not picking holes, just wanted to check I was not missing a trick.

To be fair on the income multiples that OP will require given the 2nd property, the top tier lenders will not consider as they have found.

I actually think (if achievable and not Natwest Sales Patter) that this is a good product.

Whether 5 years is the best advice will be down to the client and someone privvy to the full facts...