25 Nov 2008 3:48 PM:

We are having many of the same experiences :-

Lenders increasing margins in the credit crunch panic, so Euribor +1.25% being quite a typical rate, and hardly any rates below Euribor +1%

Loan-to-values being scaled back - 60% - 70% of the lower of price and valuation, much more common than 70-80% of a valuation that was often higher than the purchase price, a couple of years ago. Again, not many signs of these being increased.

So the falling Euribor looks like helping existing clients, depending on when their 12 month review is, but new clients are paying the penalties caused by the banks previous lending policies !

Many thanks 

 

 

Thread: MARKET GONE MAD

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25 Nov 2008 3:33 PM:

Going back to the packaging fee issue, for the Yen mortgages, I would just be a little wary that it seems to be a third-party that is paid to do the packaging

So, if the mortgage isn't approved, for whatever reason, lowratespanishmortgages can point any blame at the 3rd party

I'm not suggesting that is necessarily the case, but I would be careful

All the lenders that I knew of, that had multi-currency mortgages, pulled them from the market some time ago

cheers

Thread: Anyone heard of or used - lowratespanishmortgages

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