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100% Fixed Rate
Meester_Feetz
Posts: 5 Forumite
My son (first time buyer) has his 2 year 100% LTV fixed mortgage rate coming to a end and we are finding it difficult to find lenders online that are offering 100% fixed rate deals. It seems all the best buy charts are based on 80% or 90% LTV. I would appreciate it if someone could point me in the right direction.
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Comments
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Surely the property has increased in value in the last 2 years?
If so then you no longer need 100% LTV. Find out the property's value and then you will be in a better position to assess the deals available.0 -
Thanks Beddie I will start my search for the best deal.0
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why dont you get the property valued through a broker - most of us have free access to an online valuation system - thatw ay you will see if he can have a 100% or 95% or whatever before you waste anymore time looking. also, why not use a broker for the transaction? we often have access to excusive deals or better rates than what can be got direct from lendersI am a Mortgage Adviser
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.0 -
I think you are right MortgageMamma as there are so many deals to look at. The main thing is he is trying to keep his payments near enough the same as now.0
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