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FTB - 105% mortgage - best deal
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kinderegg_2
Posts: 2 Newbie
Anyone know the best deal available for a mortgage of £128,250 on a property worth £122,250. Looking for a 5 year fixed rate, and term of 30 years.
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depends on your income - if you are looking for more than 4 x your income then it narrows it down significantly but there are only really a handful of lenders that will do this.
Why do you need the extra 5%? Couldn't you try for a 5% cashback on completion deal or vendor gifted deposit and then just get a 100% mortgage?I am a Mortgage AdviserYou 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
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