Securing an 85% Loan to Value Mortgage

Looking for a great deal on an 85% Loan to Value Fixed Rate Mortgage?

Potential house owners with a 15% deposit (or homeowners aiming to remortgage for 15% equity) are in a very beneficial position when it comes to obtaining a mortgage with a low interest rate.

This is due to the fact that throughout the credit crunch many lenders dropped their 90% and 95% mortgages, so there were less of these types of mortgages available. However the 85% mortgages were not affected so much and there are still a multitude of 85% LTV mortgages available – nonetheless the offered rates differ immensely. We work day in, day out in the mortgage market and know effectively where the best deals can be found at any given time.

85% LTV fixed rate mortgages – suitable for first time buyers

There is no doubt that the property market has actually taken a knock in recent times, however it is still possible to obtain a foot on the housing ladder. By saving a 15% deposit, you can qualify for an 85 percent fixed rate mortgage, meanings that your property dream is possible. It also indicates that if you are looking to remortgage the 15 percent requirement means that you do not have to stress if there is not loads of equity in your current home, as you are still eligible for the excellent opportunities that a fixed rate mortgage offers. As expert mortgage brokers we work hard to find you the best fixed rate offer to fit your situation.

Fixed rate mortgages provide payment stability

As experienced mortgage brokers we can find you a custom offer based on our expertise and knowledge of the marketplace. If you are trying to find stability and the ability to plan your spending, then a fixed rate mortgage is the best option for you. An 85 percent fixed rate mortgage deal means that you benefit from a fixed interest rate for a set period and, furthermore, means that even if interest rates increase your monthly repayments will stay the same. This is very appropriate for those wishing to monitor their finances due to the fact that it allows you to rest assured that your payments will remain the same regardless of what is happening to the economy. This is comforting given the recent financial problems and means that, with your 15 percent deposit, your property investment is simple to manage and finance.

Are fixed rate mortgages right for you?

Selecting the right mortgage is an important factor to consider, we can help and guide you with picking a fixed rate mortgage of 85 percent which provides security for the future. In contrast to a variable mortgage, the payment will not dramatically alter in the future and will not therefore leave you with a shortfall if the repayments increase considerably, which can eventually put your house at danger. Although with a fixed rate mortgage there is always the opportunity that rate of interest might go down, as a resident you would have the ability to adjust to this if it was beneficial for you by refinancing. In addition, the fixed rate mortgage is well specified and simple to work with, offering stability and security, making it attractive for you if you are preparing to remain in your house for a long period of time or if you have a young family and various other monetary obligations to consider.

Help with finding the best value 85% fixed rate mortgages

We are best placed in the market to guide you through the process of obtaining your fixed rate mortgage, meaning that the time consuming and confusing elements are not a problem, leaving you free to focus on your various other issues. By saving a 15 percent deposit, and profiting from a budget friendly fixed mortgage, you can take your first steps onto the housing ladder, remortgage if you have very little equity or move into a larger home.

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