Mortgage broker - ask me anything

K_S

@gm0 Short answer - JBSP is the way to go if you want mainstream rates with "support".

With the setup you've mentioned, there isn't much out there if you only want chart topping rates, probably because it's not worth the effort of setting up Springboard type products.

gm0 said:

Broker question

I am interested to understand if the "family savings" tied up in support for 3-5 year type mortgages of the Barclays Springboard (or similar type) are made available in flavours other than the poorer value very high interest rate for 100% LTV ones. i.e. to access normal competitive 90% and sub 80% normal fixed rates.  But with relaxed criteria on income multiplier because of the additional 10%+ security thus offered.  

Is this a thing?  

If so - who is a good lender example to look at to explore the idea and fine print in a bit more detail.  
Web sites seem to suggest it's aimed at a niche linked to 100% LTV lending - but as usual it says talk to us when applying.

I'm not thinking about JBSP especially - but the intermediate temporary additional security via savings types - deposits held for good payment behaviour for a term of 3-5.  These fall between a simple gifted deposit to lower LTV and JBPSP in terms of guarantor risks.  It doesn't seem worth the bother for poor value product.  For better product it miight be interesting.

Any pointers on what's happening in the market on this