Who does 90% LTV on New Build

amnblog

This would drop about 0.69% off of the rate Craig

craigmmorq4

A saving of about £40 per month - dont think its worth being totally skint and asking for money off the parents for that

R_P_W

I think it's a great rate for 90 % ltv. You can't expect best rates

amnblog

it's the only rate RPW - that makes it perfect

ACG

Forget the bank of england base rate.

Your borrowing a 90% mortgage on a new build property. New builds are notorious for losing value in the first few years so that means the lender has very little if any collateral if you couldnt make the payments - the bank are taking a massive risk on you.

The deal you have isnt a bad one, theyre might be slightly cheaper options but for the service provided by skipton an extra £50 a year or so is worth it for how easy they usually make the whole house buying process.

BlackCat^

In theory though, who are the other lenders who would consider 90% LTV on a new build?

Not looking to hijack the thread here, I'm just in a similar boat where we are waiting to hear back from our application to Skipton to see if we were successful. Agreement in principle and Credit check was fine but I just want to be prepared for worst case and who we turn to next should the worst happen.

craigmmorq4

I can get a 2 year discount mortgage for 3.89% with hinckley building society or with skipton


Thoughts anybody?

kingstreet

craigmmorq4 wrote: »

I can get a 2 year discount mortgage for 3.89% with hinckley building society or with skipton


Thoughts anybody?

Is the property built by one of these builders;-

Barratt, Bovis, Bloor, Keepmoat, Strata, Linden, Miller, Bellway, Gleeson, Yuill

as the builder has to be on a special panel before H&R will lend.

Have you considered going the HTB route? Better rate, larger choice of lenders, stamp duty incentive from Halifax, if you are a FTB and buying for 125 to 250?

craigmmorq4

I'm not a first time buyer, part exchange my current house and the builder is Bett Homes

kingstreet

Looks like Skipton is it then.