Haven reducing max LTV to 85%

C

clubsandwich

Guest
Its going to be announced in the next hour or so that max ltv with Haven will be 85% for ordinary people and 92% for "professionals"
 
They only just reduced it on the15th April to 95% for professionals and 92% for everyone else. Seems a bit of a speedy change of mind in a week.
 
irishlinks said:
They only just reduced it on the15th April to 95% for professionals and 92% for everyone else. Seems a bit of a speedy change of mind in a week.
Click to expand...

money and credit markets are tighening that quickly.

Stay tuned. More to come.
 
Just wondering why EBS are restricting to 85% on mortgages through brokers - yet not restricting on "normal" EBS mortgages where customers go direct. Is this just another way of cutting out brokers ?
 
irishlinks said:
Just wondering why EBS are restricting to 85% on mortgages through brokers - yet not restricting on "normal" EBS mortgages where customers go direct. Is this just another way of cutting out brokers ?
Click to expand...

Principle/agent issues.

They have greater control over the creditworthiness of direct applicants. Brokers will, naturally, try to get the mortgage and know how to get it past the bank screens.
 
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