Looking to re-mortgage any good 90% LTV deals around?

n30_mkii

n30_mkii

n30_mkii

Associate
Joined
31 May 2005
Posts
2,235
Location
Alfreton,Derbyshire
As per the title we are currently at an LTV of around 88% which means we can only get on LTV products of 90% still. I have had a look around and can see a few options but wondered if anyone had seen anything better? Need to be looking at 30years at the moment to keep payments fairly low at the moment.

Basically we are coming off a 2 year tracker at 4.69% and will move on to the 4.00% SVR in March.

The only other deals I can see that might be of some use are;

HSBC
5 Year Fixed Standard Initial rate of 4.89% with no setup fee

Leek United
3 Year Fixed with a rate of 3.99% with £995 setup fee

RBS
2 Year Fixed at 4.59% with a £499 Product Fee

Doesn't seem to be any decent trackers out and if I'm going to fix it needs to be for 5 years to ride out the current mess I reckon.

Any thoughts? The other option I have is to move to the SVR of 4% making overpayments in the mean time, then watch the market to see whats happening and move at the right time to fix (depending what happens)

Any thoughts or other deals please let me know
 
no one knows what will happen to rates though. Some camps seem to think that rates will not rise for about another 2-3 years so why fix yourself into a 5 year deal if, for possibly 2-3 years of that, you end up paying more.
 
I added my setup fee onto the mortgage but I plan to pay it off in a few months once I move in and stabilise my finances. It should be possible. I just got a 3 year fixed myself.

I recon 3 years is sensible and hopefully is enough time to ride the problems out.
 
Current problems have a timescale of ten years at least I reckon thats why the argument dont fix for 3 years carries some weight. If we werent in so much crap they'd never have rates so low but to argue they can stay low doesnt make much sense if we keeping taking money from abroad where they pay 5% base rate
 
Richie said:
no one knows what will happen to rates though. Some camps seem to think that rates will not rise for about another 2-3 years so why fix yourself into a 5 year deal if, for possibly 2-3 years of that, you end up paying more.
Click to expand...

2 years according to our economists at work. My work is a big mortgage lender.
 
I think you'll find the HSBC the most competitive but apparently very picky, as you are looking to re-mortgage then you should be ok though.

Santander are supposed to have some good deals along with the Post Office for 90% LTV.

Also moneysavingexpert is your friend :)
 
If you are moving to a svr of 4, then why do anything at all currently. None of the rates you have been offered beat that, esp when fees are factored. Give it the 18-24 months and look for better deals at that time?
 
I've been paying SVR for about 18 months now - ever since my last fixed-term finished.
I'm just sitting back and watching for the first signs of interest rates going up.
We've got a fair amount of equity in the house so shouldn't have any problems remortgaging when the time comes.

Enjoying lower payments - well the same, I now just overpay by a fair amount each month.
 
Yeah my intitial thoughts were to move to the SVR of 4% and just make overpayments. I just don't want to risk having to pay a fortune for a fixed if the base rate changes as we only have an LTV of 87-88% currently
 
I'm on 2.5% SVR and a mile away from jumping onto a fixed, probably 2 or 3 years before I need to press the panic button.

Even when rates rise - imo it'll be a steady upwards curve, they're going to have to smooth it in.
 
merlin said:
I'm on 2.5% SVR and a mile away from jumping onto a fixed, probably 2 or 3 years before I need to press the panic button.

Even when rates rise - imo it'll be a steady upwards curve, they're going to have to smooth it in.
Click to expand...

same here - i'm on a base +0.89 tracker (1.39%) so i'm going nowhere for now:D:D
 
HSBC are touch cookies, quite strict on the lending criteria. i.e., if you've even slipped a couple of quid over your overdraft, they class it as mismanagement, and won't consider you for the mortgage.
 
You must log in or register to reply here.
Back
Top Bottom