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93%-ish LTV mortgage

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  • 93%-ish LTV mortgage

    Hi,

    Our current mortgage deal ends shortly.

    Current house value = £114k

    Ourstanding mortgage = £106.5k

    I can't seem to find a re-mortgage deal for our LTV of around 93%. Do they exist anymore? Current mortgage provider is Direct Line...

    Any help much appreciated.

  • #2
    Re: 93%-ish LTV mortgage

    93% is quite high, but I'm sure there are providers who can reach that if you take advise from a mortgage advisor. The only caveat is obviously the more perceived risk, the more choosy on terms and punitive on fees the lender can be.

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    • #3
      Re: 93%-ish LTV mortgage

      As above, either spend a couple of hours hitting the phones and calling around or see a mortgage advisor. For example the advisors in many estate agents won't charge for mortgage advise, nor will the banks.

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      • #4
        Re: 93%-ish LTV mortgage

        Originally posted by jcjcjcjc View Post

        Our current mortgage deal ends shortly.

        Current house value = £114k

        Ourstanding mortgage = £106.5k

        I can't seem to find a re-mortgage deal for our LTV of around 93%. Do they exist anymore? Current mortgage provider is Direct Line...

        Any help much appreciated.


        Hi Jcjcjcjc,

        From my experience within the current mortgage environment (sep 2010) and doing a quick sourcing of mortgage products, there isnt a 93% re-mortgage product.

        The maximum LTV at present is 90%.

        Regards


        CKF

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        • #5
          Re: 93%-ish LTV mortgage

          Direct Line are now offering to move customers to RBS as existing Mortgage customers and they do offer deals for customers at ltv of 93% so get in touch with Direct Line and they will put you in touch with the right team at RBS
          Best wishes

          Sean Hughes

          Independent Financial Adviser

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