14 Jan 2009 12:36 PM:
Thanks everyone, I guess it's back to the drawing board.
Community thread: 80% Mortgage LTV?
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14 Jan 2009 9:36 AM:
Our original Lloyds offer was from using Patrick. As many people have mentioned he is very helpful and professional and I believe he got us the best deal available, hence why I'm dubious about claims from this other broker about 80% LTV.
Community thread: 80% Mortgage LTV?
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13 Jan 2009 12:00 AM:
Hi all,
Last year we applied for a mortgage through a broker with Lloyds TSB and managed to get an offer of 70%LTV. Unfortunately the valuation came in low and we were left without enough to complete. We then tried to subrogate the builders mortgage because the original valuation would stand so we would be able to borrow more. We got knocked back part way through the application. Our solicitor has now provided details of a broker who 'can help in these situations'. We have contacted the broker who claims he can get us a mortgage at 80% LTV. Is this realistic or is it possible there will be a million and one clauses that come with it such as life insurance and fostering endangered bears? Has anybody else achieved this recently (the high LTV not fostering bears)?
Community thread: 80% Mortgage LTV?
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22 Dec 2008 2:31 PM:
You do save on costs but the downside is that the mortgages tend to be less flexible particularly on duration. Banco Popular would only offer us a 20 year maximum term with no interest only option. The good thing at the moment is that the original valuation normally still stands with the builders mortgage so you don't have to worry about getting a low valuation like we did and not having enough to complete.
Community thread: subrogation
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12 Dec 2008 3:45 PM:
Do Spanish banks not operate like English banks whereby they won't release funds unless there is a direct debit or standing order in place? I seem to have read quite a few threads recently where money has just been taken out of people's accounts and they don't know why.
Community thread: Money out of our bank account . Any idea`s
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