CA Mortgage Service Mortgage Advice Good Credit Scoring Finance Re-Mortgages South Wales


	C.A. Mortgage Services - Good Credit Scoring

If your credit rating is good, you should be able to qualify for almost every product on the market at any one time. Lenders will also access clients on risk, this is basically worked out by calculating your outgoings, i.e. loans, bills etc and also the LTV (Loan to value ratio) of your outstanding mortgage balance and the value of your property.

A simple equation to show this is as follows:

(Mortgage amount £80,000 house value £100,000 will give you an LTV of 80%).

The lenders will offer preferential rates according to your LTV usually starting at 60% (best deals) and finishing at around 95% (higher rate deals).

One thing to look out for is that some lenders still charge HLC (higher lending charges) past 90% LTV.

This is always a good reason for a broker to handle your requirements as we can search the market for you for products that offer incentives such as no HLC, free legal fees and free valuation fees.

Please feel free to contact us should you need to talk about your requirements.

'Your home may be repossessed if you do not keep up repayments on your mortgage’

C.A. Mortgage Services Ltd.
8 Clos y Goron
Pontllanfraith
Blackwood
Gwent
S Wales
NP12 2HZ

Tel: 01495 220201

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