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95% Mortgages
amy104
Posts: 283 Forumite
Do they exist for couples where one is on an existing mortgage? Divorced but cannot be removed due to children.
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Comments
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If your affordability is good enough, you may find a lender willing to accept you for 95% with an existing mortgage/property in the background.
It's a question of hitting the phone and asking, I'm afraid. You won't qualify for HTB - Mortgage Guarantee, so you'll need a true 95% lender.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 -
Where would we start? Should we find a broker? See the bank?0
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You need to establish which lenders are offering 95% products. A broker will be able to tell you of those paying commission, so you'd need to find out the direct-only lenders from your own research.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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I've tried doing that but all that I seem to come across is HTB ones.0
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