Abbey Self Cert Mortgage q, for PH mortgage experts

[rich1231]

Can any of the PH masif Mortgage experts let me know if there is an Abbey Self-sert offering with a 95% LTV.

I am being told there is and I find it hard to believe any lender is daft enough to offer it...

Cheers

Rich

[grahamw48]

What's daft about owning 'your' house ?

I'll be looking for one of those self-certs too, once I've got the missus kicked into touch.

[mojocvh]

Sorry thiko question...... 95% LTV....what's that then?? mortgage for 95% of value??

MoJo (in throes of mortgage renewal myself)

[rich1231]

mojocvh said:

Sorry thiko question...... 95% LTV....what's that then?? mortgage for 95% of value?? MoJo (in throes of mortgage renewal myself)

Oh dear

95% loan to value yes correct.

Unusual on a self cert becaise lenders are taking a greater risk.

[yertis]

Talking of mortgages, has anyone got a formula I can put into Excel that will enable me to calculate monthly (repayment) mortgage payments with the following inputs: term of mortgage in years, amount borrowed, prevailing interest rate.

TIA if anyone can oblige.

[mxdi]

Yertis, Minimax is in mortgages/financial advice I beleive, you could always try mailing him?

[mcflurry]

yertis said:

Talking of mortgages, has anyone got a formula I can put into Excel that will enable me to calculate monthly (repayment) mortgage payments with the following inputs: term of mortgage in years, amount borrowed, prevailing interest rate. TIA if anyone can oblige.

Not quite in excel, but HTH

www.cml.org.uk/cml_new/pub_fresh_calculator.asp

[rich1231]

Anyone?

[Rich25]

I work with several mortgage brokers. Will ask them today and let you know.

[bigandclever]

Abbey have a 90% LTV self cert (Flexi Plus 6mth Disc BBR LTV 90% Fee)

West Bromwich Building Society have 2 (2yr 1.99% Fxd BBR LTV 95% Direct Only AND 2yr 2.85% Fxd BBR LTV 95%)

From www.thisismoney.co.uk/cheaprates , down the bottom of the page

[rich1231]

cheers for the replies guys.

[smirnoff]

rich1231 said:

Can any of the PH masif Mortgage experts let me know if there is an Abbey Self-sert offering with a 95% LTV. I am being told there is and I find it hard to believe any lender is daft enough to offer it... Cheers Rich

Not a chance! Abbey don't technically do self certs, the do non-verification mortgages which means they can at any point ask for proof of income.

You can get 90% self certs (not from Abbey)and a 95% mortgage which will ask for no income proof if you are lucky.

Email me you exact requirements and I will tell you what you can do.

Adrian

[Incorrigible]

Obviously you need to speak to a proper mortgage advisor blah blah

But I was of the opinion that the better rates were only available on 80% (ish) and lower.