Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    • ferry
    • By ferry 12th Oct 17, 7:42 AM
    • 1,643Posts
    • 251Thanks
    How important is LTV where remortgaging with past defaults?
    • #1
    • 12th Oct 17, 7:42 AM
    How important is LTV where remortgaging with past defaults? 12th Oct 17 at 7:42 AM
    We would like to move home next year however we have defaults less than 3 years old on file.
    We recently changed mortgage product with Santander which meant we could take advantge of a 1.69 deal for 2 years.
    The defaults were cleared in full and final settlements.

    Also our LTV is only 32% but am curious how much importance lenders place on this fact given that the defaults are quite recent.

    Thanks as usual
Page 1
    • David White
    • By David White 12th Oct 17, 9:15 AM
    • 868 Posts
    • 379 Thanks
    David White
    • #2
    • 12th Oct 17, 9:15 AM
    • #2
    • 12th Oct 17, 9:15 AM
    You'll find it's not an exact science however a LTV of 32% would most certainly help your case with most lenders and this is definitely an example of where a good broker could save you money.

    I'm assuming the deal you've recently taken out with Santander doesn't have an early repayment charge?
    I am a Mortgage Broker
    You should note that this site doesn't check my status as a Mortgage Broker, 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.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

844Posts Today

6,176Users online

Martin's Twitter