Max LTV on second home

15mb

Hi

Im looking to buy a second home, not for letting purposes.

Can anyone advice on a lender who has an LTV at 85% or above, they don't seem to advertise them particularly well.

Many Thanks

ACG

Have you spoken to a broker?
I know of 2 lenders off the top of my head, who will do 85-90%.

15mb

Hi,

Thanks for the quick response. No i have not, was hoping to do it direct with a provider to keep the cost down.

ACG

Fair enough.
Unfortunately I can not name lenders on here. As I am regulated I need to know a lot more before naming companies but someone not governed by the same rules as myself may be able to help.

kingstreet

15mb wrote: »

Hi,

Thanks for the quick response. No i have not, was hoping to do it direct with a provider to keep the cost down.

I can think of half a dozen lenders without too much effort.

Going direct without knowing where to go to get the best deal will probably cost you a lot more than getting advice, recommendation and someone to do all the legwork for you.

YHM

Some brokers are flexible with their fee structure. You should speak to some.

Especially as you may get a better rate through a broker then you could direct.

Fiesto88

In addition to what others have said, I know at least one lender who advertises an LTV limit for additional properties but are flexible with this depending on the circumstances and level of risk.

I wouldn’t even consider not using a broker.