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95% mortgage

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Comments

  • amnblog
    amnblog Posts: 12,771 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I would not waste time discussing 95% loan to value if you had already confirmed you have a 10% deposit.
    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.
  • missscotia
    missscotia Posts: 58 Forumite
    amnblog wrote: »
    I would not waste time discussing 95% loan to value if you had already confirmed you have a 10% deposit.


    I was on the look out for some information, I came to a forum and asked a question. Is there anything wrong with that?
  • stator
    stator Posts: 7,441 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    missscotia wrote: »
    I was on the look out for some information, I came to a forum and asked a question. Is there anything wrong with that?
    I'm afraid you need a thick skin on this forum. Lots of rude people around here. You're lucky you didn't get called a Troll, it seems to happen in most threads :o
    Changing the world, one sarcastic comment at a time.
  • JimmyTheWig
    JimmyTheWig Posts: 12,199 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    missscotia wrote: »
    I was on the look out for some information, I came to a forum and asked a question. Is there anything wrong with that?
    Nothing wrong with asking about it.
    I believe amnblog meant that he wouldn't waste time during an appointment discussing them when you didn't need them.

    Imagine going to buy a train ticket.
    You: Hi, can I have a return to London, please?
    Them: Two singles would be cheaper if you'd rather?
    You: Oh, yes please.
    In this scenario it is worth the ticket office guy telling you about the alternative.

    You: Hi, can I have a return to London, please?
    Them: Two singles would be more expensive if you'd rather?
    You: Um, no thanks. I'll stick with the return!
    In this scenario it isn't worth the ticket office guy telling you about the alternative. In reality you wouldn't expect them to.


    A 95% mortgage is just a more expensive way of getting a 90% mortgage.
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