I already own a flat with my brother, but now want to get my own place and need 90%?

Posted on 22 July 2013 by Dan


Hi, I own a flat jointly with my brother. I'd now like to buy a second flat on my own, which will become my primary residence. I have just spoken to HSBC and they said that they would only lend me up to 80% LTV on the new/second flat, as I already have my name on the deeds of a flat. Do you know of any lenders that are willing to lend 90% LTV on this basis? Thanks very much, Dan

Hi Dan,

I'd to think that can help you out but it very much depends on the rest your personal circumstances, especially around your income, any debts that you hold and the overall affordability. 

As an independent, whole of market broker, I'd certainly recommend speaking to one of our mortgage experts who can look at this more closely, and get a btter idea of what we can / cant do.

Please let me know when would be a good time to talk, and I'll arrange for one of them to contact you. Alternatively if you decide to call us directly, could you please mention that you first e-mailed 'Ask the Expert?'

Many thanks,

Simon

simon.collins@johncharcol.co.uk

More than mortgages, talk to me about:
Financial Protection | Investments | Personal and Corporate Pensions | Home Insurance
General Insurance | Valuations | Conveyancing | Wills | Home finders

Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.