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can you get 95%LTV mortgages on second homes
Nfalk
Posts: 1 Newbie
Hi
I want to know if there are mortgages in the market available at ideally 95% LTV for the purchase of a second home (this home will be the permanent residence).
If not a 90% LTV could be a possibility it is just tough to find the info out there. Can anyone help please?
Many thanks
Natalie
I want to know if there are mortgages in the market available at ideally 95% LTV for the purchase of a second home (this home will be the permanent residence).
If not a 90% LTV could be a possibility it is just tough to find the info out there. Can anyone help please?
Many thanks
Natalie
0
Comments
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Yes, but your options will be limited and it will come down to the finer details.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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Hi Natalie,
What will be the new purchase price?
DanielI 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 -
Most second homes loans are capped at 75% or 80% LTV by the Lenders.
I know of one Lenders that will do 90% or even 95%, but it is a very slim market.
You wont sort this out yourself and need a good mortgage broker.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.0
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