Gordon Gekko
Registered User
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The rule above as quoted by Brendan is pretty clear and references your circumstances. If you feel that your specific financial circumstances should qualify you as an exceptional case then you will need to make that case to your bank. However, while we are not in a position as yet to assess how individual banks will assess "exception" cases my feeling is that they will be based on strong repayment capacity primarily. I.e. granting higher LTV loans to those with high LTI's plus low other borrowings.If you want to buy a home for yourself, you will be a second time buyer, and will require a deposit of 20%.
The banks can make exceptions in 15% of cases.
Brendan
To get proper advice, you should provide full information
VAlue of property
Lender
Amount of mortgage
Interest rate
Marital status and kids
Salary
Other loans
Other assets
Brendan
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