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Who does 90% LTV on New Build
craigmmorq4
Posts: 67 Forumite
Hi All
Except from Skipton - who else will do 90% LTV on a new build house?
Any help is appreciated
Except from Skipton - who else will do 90% LTV on a new build house?
Any help is appreciated
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Comments
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Bank of China do it in theory, but they value based on resale value.
I suspect Skipton is your only choice.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
Is there any reason your against Skipton?
There wont be many deals offering cheaper rates than skipton on 90% new builds.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 -
probably already said noI am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
If thats the case, we could do with knowing why they have said no. Is it on the property or the applicant.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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No just looking for a better rate thats all. The rate is 4.19% through a broker0
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Is it specifically a fixed rate your looking for?
If your happy to look at variable rates you can knock 0.2% off that - But it will only make £10 a month different on a £100k mortgage.
To be honest Skipton are pretty much up there. As i said there may be the odd slightly cheaper deal but were not talking a massive amount cheaper and the service (in my opinion) is really good with skipton, its worth paying an extra couple of pounds a month for rather than having the hassle of a fussy lender.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 -
Just 4.19% is still high considering BOE is still 0.5%!
I'm probs better of sticking with that 2 year fix, I'm buying a new build for £115k and selling my house for £70k and owe £60k on mortgage so i'm getting a mortgage for £103 ish.
It says Free standard legals and valuation for remortgages - I would qualify for those wouldn't I?0 -
No. You are not remortgaging. You are moving home, so the fees are payable.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
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Take the Skipton rate if you can get it Craig.
It is competitive and if you are buying new build with 10% deposit it is take it or leave it.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
Thanks. If I had an extra few thousand do you think the rate would differ much so my mortgage is 85% LTV instead of 90%?0
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