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LTV and lower mortgage rates
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Hollie_
Posts: 105 Forumite
Hi all,
I am looking at switching my mortgage deal as my current fixed deal is coming to an end with Nationwide. As our current LTV is about 81% I was thinking of making an over payment to get the LTV ratio down to under 80% thinking we might get better rates but this doesn't seem to be the case anymore.
I was wondering, at what LTV thresholds does the rate go down does anyone know please? - Is it 95%, 90%, 75%, 60%.. ? Or does it vary with different lenders?
Thank you
I am looking at switching my mortgage deal as my current fixed deal is coming to an end with Nationwide. As our current LTV is about 81% I was thinking of making an over payment to get the LTV ratio down to under 80% thinking we might get better rates but this doesn't seem to be the case anymore.
I was wondering, at what LTV thresholds does the rate go down does anyone know please? - Is it 95%, 90%, 75%, 60%.. ? Or does it vary with different lenders?
Thank you
0
Comments
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It would be on Nationwide website0
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Or does it vary with different lenders?
each lender have their own sweet spots
Some lenders the sweet spot will be different for different fix terms
Also mortgage size can be a factor some lenders smaller loans higher rates.
eg nationwide 5y fixes fee/no fee
75% 1.99%/2.19%
90% 2.74%/2.94%
95% 4.54%/4.74%0
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