Recession LTV Rates

johnnyjb

Hi im wondering in theory if a bank would give me a mortgage, what LTV would they be looking for. Any ideas.

I remember it was 92% at some stage and i wont say much bout 100 % mortgages. If the banks have a feeling the market will drop by another 20 % will they insist you come up with 20%+ deposit

Im hoping not to spend over 200k so would 16k + be enough (again in theory)


Thank you.

Victor

johnnyjb wrote: »

would 16k + be enough

I think it would be a good start, but not enough. 20% of €200,000 is €40,000 after all. Certainly a lot of the talk recently has been around 20%. However, for certain properties they just won't lend or will ask for a much higher percentage.

johnnyjb

Joseph... wrote: »

sky tv has actually gone up since 08!!

##Cough Cough##

JoeyJJ

For Houses it is 92% at the moment, for apartments there is a change BOI I think have gone down to 80% and less outside urban areas. AIB seem to be still offering close to 92% on apartments.