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Re: Secured loan on new property

  •  Wed, Oct 29 2008, 4:07 PM

    Re: Secured loan on new property

    Hi Leigh38

    Whether or not you can secure a loan on your new property will depend on a couple of factors.

    Are you living in the property? - Some lenders will only lend to customers who are resident at the security address.

    What is your Loan to Value - If you are not resident at the security address then the maximum LTV is 65% (Including the secured loan) Also if you are not resident at the address the lender may require a tenancy agreement or may only consider the applciation if you have a Buy to Let mortgage on the property.

    If you wish to discuss this further you can contact our loans team on 0870 027 0269 who can see what options may be available to you.

    Many thanks


    Many Thanks

    Daniel Ashton
    moneysupermarket.com
    • Post Points: 5
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