A2H GO
Member
Registered: 14th Sep 04
Location: Stoke
User status: Offline
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We currenty have a mortgage with Halifax but were on shared ownership and currently only mortgage 50% of the property and pay rent on the rest. We want to mortgage the full property as soon as possible and have enough deposit to do it at 95% LTV.
We have been to see Halifax and Natwest(who we bank with) who have said they are only offering up to 90% LTV. We are currently saving the other 5% but this represents about £7K and will take us until the end of next year to get together.
Looking on Halifax's website, they offer lots of 95% deals so i'm confused as to why they can't help us?
http://www.halifax.co.uk/mortgages/existing-customer-fixed-95ltv.asp
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Rob_Quads
Member
Registered: 29th Mar 01
Location: southampton
User status: Offline
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Did you ask them about this ad and why you don't quality
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A2H GO
Member
Registered: 14th Sep 04
Location: Stoke
User status: Offline
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quote:
Originally posted by Rob_Quads
Did you ask them about this ad and why you don't quality
No this was last week and i only just seen this from a google search of 95% mortgages.
It does come under the section 'renewing your deal' and i would imagine in our case to mortgage the rest of the property it would be a 'rearrangement' or a 'remortgage' of some sort, i wonder if thats why they didnt mention it.
[Edited on 11-11-2010 by A2H GO]
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
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They are now phasing out the 90% deals. I think it is extremely unlikely you will find any 95% deals. New buyers for Shared Equity have to have an even larger deposit too.
Corsa 2.0 16v Vegas - Sold
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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My rearrangement wouldn't let me have mroe than 85% LTV (even after offering me 90%LTV!!! Then realising they couldn't)
I would be surprised if anyone offered you 90%, let alone 95%. I had to make a payment of £1200ish to drop my mortgage account to below the 85% level to qualify
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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when we got our mortgage 6 months ago, 90% was the max LTV with halifax and natwest.
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A2H GO
Member
Registered: 14th Sep 04
Location: Stoke
User status: Offline
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quote:
Originally posted by Ben G
when we got our mortgage 6 months ago, 90% was the max LTV with halifax and natwest.
I thought this was the case, and seems to still be, its just the deals on that link that got me thinking otherwise.
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