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Mortgage for more than 90% but less than 95% LTV
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Milerix
Posts: 25 Forumite
I am considering getting a Yorkshire Building Society 95% mortgage. However, for the deposit, I am going to use funds from my LISA account, which amount to a bit more than 5% of the purchase (more like 7.5%). I do want to use all the LISA funds and not leave some in there. Is it possible to have a deposit that's not the exact % set out by the bank but a but more?
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Comments
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Yes, you can.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
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90.01 to 95% is a 95% mortgage for interest rate purposes
85.01 to 90.00 is a 90% mortgage for interest rate purposes
I couod go on but you probably get the idea now0 -
Thank you both!0
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