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LTV question
xael
Posts: 7 Forumite
Hi all, a question question:
I currently have a LTV of 77% and was wondering if I should find the funds to get 75%. Do I need to get exactly 75.00% to get the LTV of 75% or would it be possible to get a LTV of 75% with a deposit that amounted to 75.99%?
Thanks!
Xael.
I currently have a LTV of 77% and was wondering if I should find the funds to get 75%. Do I need to get exactly 75.00% to get the LTV of 75% or would it be possible to get a LTV of 75% with a deposit that amounted to 75.99%?
Thanks!
Xael.
0
Comments
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Depends on building society, but I know with Nationwide you need to be 75.00% or under to get the 75% LTV.0
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Offer less for the property to achieve a better LTV.0
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The impact of the different rates you'll be offered at LTV77% and 75% will depend on the amount you are borrowing. However I was looking at the difference between 78% and 75% for myself last night and found that we'd pay an extra £7k in interest over the five year fixed period and I don't fancy losing that kind of money unnecessarily. Therefore I will add enough to the deposit to make it a LTV75% and have less to spend on the new house for a bit.Don't listen to me, I'm no expert!0
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It's 75.00%, or less.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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