Remortgaged 7yr 2.08%

Kojo_2

Kojo 6th Sep 16, 5:11 PM
Hi
Myself and my children are British citizen my wife is a Ghanaian recently granted leave to remain for 30months and will qualify for indefinite leave to remain in 2019.
I currently have existing mortgage and purchasing bigger house

So far I am unable to find any lender who will offer 90% LTV except up to 75% LTV only.
I know that my wife will be qualified for indefinite leave to remain in uk however some lenders are unwilling to offer mortgage in excess of 75%.

Are there any lenders who can help or understand rules regarding immigration rules via 5 year route
Or are there any lenders who can offer up to 90% LTV please
Thank you

csgohan4

Kojo wrote: »

Kojo 6th Sep 16, 5:11 PM
Hi
Myself and my children are British citizen my wife is a Ghanaian recently granted leave to remain for 30months and will qualify for indefinite leave to remain in 2019.
I currently have existing mortgage and purchasing bigger house

So far I am unable to find any lender who will offer 90% LTV except up to 75% LTV only.
I know that my wife will be qualified for indefinite leave to remain in uk however some lenders are unwilling to offer mortgage in excess of 75%.

Are there any lenders who can help or understand rules regarding immigration rules via 5 year route
Or are there any lenders who can offer up to 90% LTV please
Thank you

You need to create your own thread I'm afraid

LONDON_SMOGGY

:rotfl::D:rotfl::rotfl:

amnblog

Kojo wrote: »

Kojo 6th Sep 16, 5:11 PM
Hi
Myself and my children are British citizen my wife is a Ghanaian recently granted leave to remain for 30months and will qualify for indefinite leave to remain in 2019.
I currently have existing mortgage and purchasing bigger house

So far I am unable to find any lender who will offer 90% LTV except up to 75% LTV only.
I know that my wife will be qualified for indefinite leave to remain in uk however some lenders are unwilling to offer mortgage in excess of 75%.

Are there any lenders who can help or understand rules regarding immigration rules via 5 year route
Or are there any lenders who can offer up to 90% LTV please
Thank you

Yes there are Kojo but this is a complex area where a broker is necessary.

owen_money

2.08%?, I remember when it was 15%, you kids have it easy today

Dandytf

owen_money wrote: »

2.08%?, I remember when it was 15%, you kids have it easy today

I remember my parents paying +15%, I just had to go to school : )

Thrugelmir

owen_money wrote: »

2.08%?, I remember when it was 15%, you kids have it easy today

My first mortgage was only £19k though........

stuart30

owen_money wrote: »

2.08%?, I remember when it was 15%, you kids have it easy today

Not quite 15% but i remember about 14yrs ago i wanted to buy a new build house at £75,000 wanted to put down £35,000 depoist and was told rate would be 11% and then she back tracked and said no one wants to make an offer.

Even when i said id put down £40,000 down (cash sat in the bank) she said coumputer says no.

Credit history wasnt great but wasnt that awful....so !!!!ed it up the wall over 18 months,that showed the !!!!!!s...lol

Fast forward 4yrs and on a whim me and the wife get a 100% Mortgage with no depiost and offerd about 20k more than we wanted...crazy crazy world we live in.

Beetroot24

owen_money wrote: »

2.08%?, I remember when it was 15%, you kids have it easy today

Hardly. My mum and dad bought their first house in 1981 for £13k, with a £2k deposit and an £11k mortgage. There's a house that is STC on the same road, which was up for sale for £165k. So a first time buyer would have to have around £16.5k for a deposit and a hefty £150k mortgage. Interest rates may be lower now but people have to pay interest on a much greater amount. What could have bought you a decent starter home years ago is no longer enough for a deposit today. And people today don't get decent rates on their savings, and are paying over the odds on rent. To say young people have it easy today is just plain ignorant.