We were planning on a 85% LTV mortgage which would leave us enough money to improve the new house a bit (new kitchen etc). But the rates are really terrible just now so we are looking at pushing to 80% LTV. It will leave us no money for big improvements beyond a few carpets and some paint. I’m pregnant so there’s a maternity leave and then nursery fees for around 2 years coming up so little chance of saving.
What would you do? Sink all the money into the mortgage for a lower rate and lower repayments or keep the cash and take a higher LTV?
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Lower LTV % or keep some money for home improvements
16 replies
Tomatoandbasil · 25/10/2020 18:47
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