LTV limit of 80% on new mortgage

Z

zeus1

Guest
Are all mortgage providers restricting to 80% LTV? I am just in the middle of finalising a sale on a house and the mortgage provider has limited the max borrowing to 80% combined LTV on both my existing house (which i will rent) and the new house. They previously advised 90%. Funds are required to complete a renovation which would bring LTV to 90%. Repayment capacity is not a problem. Any advice? Should I shop around or are all lenders going to be the same?
 
Nope, several still offer 90% plus. If you need a higher loan to value then you should shop around.
 
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