ash_corsa
Member
Registered: 15th Apr 04
Location: Shrewsbury
User status: Offline
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Looking for a 90% LTV on £100,000 property
Fixed for 5 years
Best ive found is PostOffice at 5.85%
Anyone know of any better?
Tried all the usual sites/lenders
Cheers
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Laura
Member
Registered: 6th Oct 04
Location: Leven, Fife
User status: Offline
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Lucky you, there weren;t any 90% around when we bought a month ago!
Had to go for 85%.
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dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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5.85% is extremely good, I had exactly the same brief a month ago and was getting between 6.3 - 6.6%
edit - was on 2 or 3 fixed years not 5, could be the difference
[Edited on 15-02-2009 by dannymccann]
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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I've had a look at all the 90% mortgages and Post Office always comes out on top.
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ash_corsa
Member
Registered: 15th Apr 04
Location: Shrewsbury
User status: Offline
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Yeah, about a month ago Brittania were doing 90% LTV on about 5.99% fixed for 5 years but this has disappeared now, looks like the PO is about the best.
Bank of Ireland are still doing 95% by the looks of it but the rates are a bit higher.
Anyone had any quotes on conveyancing fees? BBC site said expect to pay about £500 but ive had two quotes so far and both have been just shy of £1k! 
Cheers
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Dan
Premium Member
Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline
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looks like i got in at the right time still.
I got mine in august, 90% LTV and got 5.79% seems you still cant get it that low, and the BOE interest rate is about 3% lower than it is now :S
Adult GiftsClick here to vist us
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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TBH Getting in at the right time would have been when trackers were still available.
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ash_corsa
Member
Registered: 15th Apr 04
Location: Shrewsbury
User status: Offline
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quote:
Originally posted by James
TBH Getting in at the right time would have been when trackers were still available.
Like my mate did, £250k house, mortgage payments dropped from £1400 a month to just over £500 a month now, hes loving it! 
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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A tracker would be idea just now but what about when the rate goes the other way, which it could easilly.
14% in the early 90's!? That would screw a lot of folk!!
Id prefer a fixed rate at least then you know what your paying each month!
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by ash_corsa
quote:
Originally posted by James
TBH Getting in at the right time would have been when trackers were still available.
Like my mate did, £250k house, mortgage payments dropped from £1400 a month to just over £500 a month now, hes loving it!
He wont be loving it if/when it goes the other direction!!
How much is your mate making to get a 250k mortgage?
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Aaron
Member
Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
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quote:
Originally posted by Colin
He wont be loving it if/when it goes the other direction!!
Which it will do before long
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ash_corsa
Member
Registered: 15th Apr 04
Location: Shrewsbury
User status: Offline
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quote:
Originally posted by Colin
quote:
Originally posted by ash_corsa
quote:
Originally posted by James
TBH Getting in at the right time would have been when trackers were still available.
Like my mate did, £250k house, mortgage payments dropped from £1400 a month to just over £500 a month now, hes loving it!
He wont be loving it if/when it goes the other direction!!
How much is your mate making to get a 250k mortgage?
Enough! Hes only 20, turns over £40,000 a month selling stuff on eBay!
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dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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£40,000 a month? Is that a typo? If so, why does he have a mortgage
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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40k a month  Why bother with a mortgage then he could save up for 6-7 months & pay it off cash 
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t_benn_1
Member
Registered: 28th Sep 04
Location: Shropshire
User status: Offline
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You got a mortgage adviser Ash?
Mine only cost me 200cash as he's a mate.
Sorted everything out for me.
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ash_corsa
Member
Registered: 15th Apr 04
Location: Shrewsbury
User status: Offline
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quote:
Originally posted by dannymccann
£40,000 a month? Is that a typo? If so, why does he have a mortgage
Nope, not a typo, thats turnover, not profit, but he tries to make atleast 30-40% on everything.
Tom, we've got a mortgage advisor yes mate, my mates dad!
He do all your soliciting for you? whos he?
Cheers
Ash
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t_benn_1
Member
Registered: 28th Sep 04
Location: Shropshire
User status: Offline
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Mitch Gough
Terry ones did the soliciting.
Just wondering why you were looking for mortgages not your advisor.
You were looking to buy a long time ago weren't you?
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ash_corsa
Member
Registered: 15th Apr 04
Location: Shrewsbury
User status: Offline
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quote:
Originally posted by t_benn_1
Mitch Gough
Terry ones did the soliciting.
Just wondering why you were looking for mortgages not your advisor.
You were looking to buy a long time ago weren't you?
Just looking to get an idea before we put our offer forward to the agents.
I had a quote off Terry Jones,
Legal Charges 395.00
VAT 59.25
Mortgage related charges 100.00
VAT 15.00
Disbursements:
Searches approximately 300.00
H.M.Land Registry Fee 150.00
Telegraphic Transfer Fee 28.75
Pricey or what!?
Yeah been looking for a while now, in no rush so looking for the right place mate, think we've found it! 
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t_benn_1
Member
Registered: 28th Sep 04
Location: Shropshire
User status: Offline
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yea it does seem a lot.
My parents gave me 50k as a deposit which i didn't know in till we had put an offer in which was nice.
How much is the house?
[Edited on 15-02-2009 by t_benn_1]
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ash_corsa
Member
Registered: 15th Apr 04
Location: Shrewsbury
User status: Offline
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quote:
Originally posted by t_benn_1
yea it does seem a lot.
My parents gave me 50k as a deposit which i didn't know in till we had put an offer in which was nice.
How much is the house?
[Edited on 15-02-2009 by t_benn_1]
That was bloody nice of them! lol
House is up for £130k, but we have spoken to the seller and know they will take considerably less (£100k) 2 bed semi with big garage in a nice area.
So far we've got £10k saved up for our deposit.
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dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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Surely if they are willing to drop 30k just like that the house is overpriced to begin with, and they know it? Not trying to put a downer on it btw 
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ash_corsa
Member
Registered: 15th Apr 04
Location: Shrewsbury
User status: Offline
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quote:
Originally posted by dannymccann
Surely if they are willing to drop 30k just like that the house is overpriced to begin with, and they know it? Not trying to put a downer on it btw
Its a very complicated sale, owner died, people selling it live other end of country, as do the estate agents selling it.
Dont think anyone from the agents or the old guy selling it have actually visited the propety.
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dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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Ah ok fair enough
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Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
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dont do it!!!!!!!!!!
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t_benn_1
Member
Registered: 28th Sep 04
Location: Shropshire
User status: Offline
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Is this sundorne road by any chance ash?
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