Advice from our resident brokers please

Avicov

GMS wrote: »

Clearing the credit commitments may help your maximum borrowing. However reducing your deposit may increase your LTV banding and rate.

Why not speak to a broker? They could explore the options for you

Pls ignore my ignorance but how does reducing my deposit and increasing my ltv make it better for me?

Are you saying there are better rates with a higher ltv?

Cheers

Mortgage_Mark_2

Avicov wrote: »

Pls ignore my ignorance but how does reducing my deposit and increasing my ltv make it better for me?

Are you saying there are better rates with a higher ltv?

Cheers

Other way round - reducing deposit means higher borrowing and higher LTV, so higher rate.

Avicov

I see what was meant now! If reduce my deposit to clear my credit card it may mean a shift in the banding! Lol. My bad...

amnblog

Avicov


£550,000 is too ambitious.


I cannot see you getting anything north of £520,000 unless there is further income.


£500,000 would be tricky.


£425,000 OK with a range of lenders.

jellytotsarego

We are selling our frame home ,three yrs old.we have planning,building regs, and final sign off. Shocked to find buyer can't get a mortgage anywhere, because it should be brick or block outer skin,apparently. We have cement and fibre board with Weber thin coat applied. We have been advised to get an architect cert or equivalent. Will this help us or not.Also do we have any comeback on person who did plans ,or firm we employed to do building regs check. We really are at a loss as to what to do next,,,,help