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Small mortgages
clw1
Posts: 185 Forumite
OH and I are looking to move in the next year or so and are lucky to have cash / investments to cover 80% of the house price. Will it cause any problems getting a mortgage of approx. 20% of the house value ? (I seem to recall reading somewhere it can be hard to get a mortgage for under 25% but I might have dreamt it !)
Apologies if this has been asked before.
Apologies if this has been asked before.
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Comments
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Its under £20-25,000 where the pool of lenders start to reduce, not 25%.
But there would still be enough options at decent rates.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 -
Thanks so much.0
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25% is the minimum mortgage on HTB Equity Loan.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
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