What %LTV are banks generally offering?

S

Soontobewed

Registered User
Messages
16
Hi all

I know this is a question along the lines of "how long is a piece of string" but anyhow!!

Q-what % mortgages are the banks generally offering 1st time buyers ?

90% or 85% ??

makes a heck of a difference deposit wise!

thanks

stbw
 
Re: What % are banks generally offering??

Not a first time buyer here but I got offered 92% in January
 
AIB are offering 92% for first time buyers. They're also the most generous in terms of loan amounts.
 
Re: What % are banks generally offering??

AIB were willing to do a 95% mortgage for a relative of mine (secure public sector job).

92% does seem to be the maximum LTV for everyone else (bar investors) though.
 
Re: What % are banks generally offering??

I sent in an application to AIB for a switcher mortgage as their variable rate is more attractive then my current lender. Did the whole phone application thing. LTV < 80%, combined incomes are >100K and the outstanding mortgage is 295K. No other loans outstanding and about 15K in savings.
Just received a letter this morning from them saying that my application 'doesnt fall into lending guidelines'....
was quite surprised
 
Re: What % are banks generally offering??

Appeal! That was AIB's first response to my application (similar circumstances to yours but half the mortgage) and they approved on appeal - 86% LTV - exactly what I was looking for.

I was dealing with them through a broker who I have found really good, if you want his details just PM me.

Best of luck.

Ms_Frugal

Watcher said:
I sent in an application to AIB for a switcher mortgage as their variable rate is more attractive then my current lender. Did the whole phone application thing. LTV < 80%, combined incomes are >100K and the outstanding mortgage is 295K. No other loans outstanding and about 15K in savings.
Just received a letter this morning from them saying that my application 'doesnt fall into lending guidelines'....
was quite surprised
Click to expand...
 
Re: What % are banks generally offering??

Watcher said:
LTV < 80%, combined incomes are >100K and the outstanding mortgage is 295K. No other loans outstanding and about 15K in savings.
'doesnt fall into lending guidelines'....
Click to expand...

Wow, are the banks actually lending is the only conclusion one can have.
 
You must log in or register to reply here.
Back
Top