For lenders, the challenge with high LTV mortgages is that borrowers have relatively little exposure, but the lender must take on most of the risk. If you want this kind of mortgage, expect lenders will want to know you are highly committed, and they will need to be confident in your ability to repay your loan and maintain solid finances.
Lenders are exceptionally fastidious about who they will lend to for this kind of financing, and not every would-be borrower will be able to access the right lenders if you are operating alone. Very few lenders publicise that they offer high LTV mortgages, often preferring introductions from parties like Enness that help provide an additional layer of confidence in your profile.
Enness have experience negotiating high LTV mortgages on million-pound-plus properties. With connections to the lenders that operate in this niche area of the market, Enness’ brokers regularly source and negotiate 85%, 90% and, in some exceptional cases, even 100% LTV mortgages. Often, Enness’ team will be able to approach the only lender in the whole market that has the appetite and ability to offer this kind of finance.
Enness operates exclusively in your best interests to negotiate the very best deals and terms. However, the team’s understanding of your lender’s requirements will mean that your broker is ideally placed to find common ground and present the case that will get the lender to give the green light on a high LTV mortgage.