Hi,
We are currently looking at mortgage options for a negative equity trade up mortgage. We've been approved in principle for c. 600k, have good savings for a deposit but a maximum LTV ratio of 85% means quite an additional deposit requirement versus a 90% LTV (+30k).
I was wondering if anyone has had any success in negotiating with any of the banks on the maximum LTV ratio's applied, assuming you can demonstrate ability to repay?
Thanks in advance!
We are currently looking at mortgage options for a negative equity trade up mortgage. We've been approved in principle for c. 600k, have good savings for a deposit but a maximum LTV ratio of 85% means quite an additional deposit requirement versus a 90% LTV (+30k).
I was wondering if anyone has had any success in negotiating with any of the banks on the maximum LTV ratio's applied, assuming you can demonstrate ability to repay?
Thanks in advance!