When do you think 90-95% LTV will return?

jazzyja

Whats everyone's opinions? Looking to buy early next year and I really hope it returns feels like house buying for the first time is becoming more and more difficult

amnblog

It never gets easier and easier Jazzy. I personally cannot see a freed up +90% market in the next 6 months.

jazzyja

amnblog said:

It never gets easier and easier Jazzy. I personally cannot see a freed up +90% market in the next 6 months.

just feel like im never going to get there. People say "just keep saving!" Easier said than done when im working a ton of overtime to save and my rented house is poor. Just feeling abit down about it all today! 

[Deleted User]

You got anyone who can act as a kind of guarantor for you and would go on a mortgage with you? Wouldn't be named on the deeds. 
If so then there is a 95% mortgage still kicking around.

Normal 95% I reckon wont be back until all aspects of economy are unlocked and employment (or unemployment) situation is clearer.

I doubt we will have much meaningful 90% for the next 3-6 months, nevermind the 95% deals

Thrugelmir

When the broader economic picture becomes more settled. Lenders then will become more relaxed. Currently there’s too much uncertainty. With many borrowers both residential and BTL opting for payment holidays. In broad terms there’s a cloud hanging over house prices in the short term.

gemstar28

Deleted_User said:

You got anyone who can act as a kind of guarantor for you and would go on a mortgage with you? Wouldn't be named on the deeds. 
If so then there is a 95% mortgage still kicking around.

Normal 95% I reckon wont be back until all aspects of economy are unlocked and employment (or unemployment) situation is clearer.

I doubt we will have much meaningful 90% for the next 3-6 months, nevermind the 95% deals

Which lender is offering guarantor and do they take adverse? 

Sorry to jump on the feed - we’re the same just as we’d saved £25,000 the goals posts move to 15% so £75,000 saving is years away for us 😢

jazzyja

Deleted_User said:

You got anyone who can act as a kind of guarantor for you and would go on a mortgage with you? Wouldn't be named on the deeds. 
If so then there is a 95% mortgage still kicking around.

Normal 95% I reckon wont be back until all aspects of economy are unlocked and employment (or unemployment) situation is clearer.

I doubt we will have much meaningful 90% for the next 3-6 months, nevermind the 95% deals

I dont unfortunately. Im confident il have 10%...i only want a 110k max, i only want a decent sized terrace, get my foot on the ladder. If that fails and things really don't pick up and I struggle....im thinking the help to buy but id rather not do that. I dont want a new build and would rather just get a cheaper house but if needs must.

getmore4less

If deposit is the sticking point and not the payments the the H2B route can work

The 20% interest free and the rest on a 75% H2B rate, then paying as if you were on a 95% rate gives you quite a safety net to exit in 5 years with even if prices drop a bit.

it might be the cheapest B2L options don't stack up against what you would be happy with.

Might be worth running some 5 year H2B numbers against the rent/save and 95% options to see what the finances would look like