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95% ltv
Comments
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Out,_Vile_Jelly wrote: »Every mortgage deal is a risk to the lender. This makes you a larger risk, hence the lower loan.
Don't wish to be rude; you may have a reputable job but I doubt it's an especially well paid one as your written English is quite poor. Improving this could lead to a better paid job and a good chance of obtaining ILTR.
Very judgmental. One can easily post in a manner that is not representative of one's abilities. What matters on a forum is being understood, rather than making the best impression.0 -
Actually it makes sense. After the proposed refurbishments, do you think the value of your flat will go up substantially? If yes, you could get your mortgage provider (/their surveyor) to re-value the flat and perhaps bring down the LTV (and hence interest rate).vaani114411 wrote: »I am looking at a property in Ruislip and have enough to cover for 10% but deliberately want to go for a 95% LTV as I think I need to get the refurbishment done in kitchen and bathroom before I move in the flat. So I thought I might just get an idea from people here.0 -
Out,_Vile_Jelly wrote: »Every mortgage deal is a risk to the lender. This makes you a larger risk, hence the lower loan.
Don't wish to be rude; you may have a reputable job but I doubt it's an especially well paid one as your written English is quite poor. Improving this could lead to a better paid job and a good chance of obtaining ILTR.
It is not completely black and white. Poor English =/= low paid job. Don't believe me? Explain why English graduates are jobless. lol
Getting out more would cure ignorance.0 -
I definitely think that refurbishment would add value to the flat and provided that I plan to stay in the property rather than to sell. I might rent it out later when I am in a better position but defo not thinking to sell at this point. My landlord bought this flat where I am staying right now for £326k last year and provided that it is near the met line station and the area, I reckon the market would be stagnant.0
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