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90 LTV new build
kieron79
Posts: 149 Forumite
Just looking for a list of lenders who offer 90ltv on new build house. I'm currently with Chelsea building society.
Also do lenders allow part ex and 5% deposit contribution together?
Thanks in advance
Also do lenders allow part ex and 5% deposit contribution together?
Thanks in advance
0
Comments
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• Halifax
• Skipton
• Leeds
• Clydesdale
• Kent
• Aldermore
All worth a try for your first query.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.0 -
Worth mentioning, Halifax is normally 80% max and will only do higher for its specialist newbuild builder/broker panel, so you would need to check your builder is included first.
You may struggle with only 5% deposit on top of 5% builder deposit at that kind of LTV.
For example, on 80% to 90% newbuild products, Halifax says;-Customer must provide a minimum of 10% deposit in addition to any builder incentive.
The loan and any builder financial incentive must not exceed 90% of the lower of purchase price or valuation.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 -
sorry should have mentioned, i will be putting down 10% deposit. The builder is Bellway if that helps.
Thanks0 -
So now looks like I will be able to put 15% deposit down due to higher than expected part exchange valuation. Does anyone know ifBellway would accept a part exchange and pay our stamp duty?
The house is already built with a kitchen we definitely wouldn't have chosen so was thinking of using that as a bargaining tool?0 -
Anyone?
Thanks0
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