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Leeds Building Society product switch
flashbang
Posts: 21 Forumite
Hi,
We currently have a mortgage with Leeds BS and being first time buyers with a small deposit (95% mort) buying in a National Park area we are paying a whopping 4.89%!!
Our three year deal is due to end later this year and through overpayments i have managed to raise our share to 10%. Does anyone have any knowledge of what products Leeds BS is likely to offer at 90% LTV for customers switching rather than remortgaging? Are they similar to the fixed rate deals offered to new customers or remortgages? I have seen the very basic page on their website but this gives no information to actually work with.
I realise the best option would be to remortgage but don't believe that we would be accepted anywhere because we have gone from double to single income (plus child) and have high but manageable credit card balances (0%) used for renovation of property.
Any advice or thoughts welcome
We currently have a mortgage with Leeds BS and being first time buyers with a small deposit (95% mort) buying in a National Park area we are paying a whopping 4.89%!!
Our three year deal is due to end later this year and through overpayments i have managed to raise our share to 10%. Does anyone have any knowledge of what products Leeds BS is likely to offer at 90% LTV for customers switching rather than remortgaging? Are they similar to the fixed rate deals offered to new customers or remortgages? I have seen the very basic page on their website but this gives no information to actually work with.
I realise the best option would be to remortgage but don't believe that we would be accepted anywhere because we have gone from double to single income (plus child) and have high but manageable credit card balances (0%) used for renovation of property.
Any advice or thoughts welcome
0
Comments
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Link to Leeds BS
http://www.leedsbuildingsociety.co.uk/mortgages/remortgaging-for-existing-customers/
Choose the online execution service. Follow the instructions then you'll be able to view the products on offer to you.I realise the best option would be to remortgage but don't believe that we would be accepted anywhere because we have gone from double to single income (plus child) and have high but manageable credit card balances (0%) used for renovation of property.
Lenders will apply their own criteria. What you believe has no relevance. Debt is debt.0 -
Also if its a straight re-mortgage getting a better rate could be accepted by other lenders depending on the advisor you use and their relationship with the lender.I am a Mortgage & Protection Broker
MSE doesn't check my status so you have to take my word for it. Any information posted is for discussion only and should not be seen as advice. I am FCA Registered, registration details available on request.0
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